Compound interest question
=RATE(5,0,-1000,1500)
gives 8.45%
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Kind regards,
Niek Otten
"Peter" wrote in message
...
On Sun, 11 Dec 2005 20:22:57 +0100, "Niek Otten"
wrote:
Hi Peter,
Look at the RATE() function
See HELP for details
Hi Nic,
Thanks very much for your suggestion - I've tried it, but can't get it
to work. The help example seems to refer to a loan that is being paid
back on a monthly basis.
I have a sum of money, invested on a date, say 1 April and want to
know what the rate of growth on that sum has been over 5 yrs.
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