Annual Percentage Rate
For the interest paid in a period, have a look at the IPMT function.
For the interest paid between two periods, have a look at the CUMIPMT
function.
Hope this helps!
In article ,
frustratedwthis wrote:
I would like figure the amount of interest on a loan
The information I have is..
loan amount 97500
Interest rate 6.0%
30 year or 360 months
any suggestions?
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