How do I manually calculate this formula PV(P3/1200,Q3,-N3*M3/100
The interest related functions of Excel all belong to one family with one
basic equation.
Some functions (invisibly) use iteration to get results.
The basic equation is well described in HELP.
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Kind regards,
Niek Otten
"Claressa" wrote in message
...
I am trying to figure out this formula to determine Present Value for
Letters
of Credit issued to borrowers
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