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Compound interest and repayments on personal loan
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Compound interest and repayments on personal loan
Errata ....
I wrote:
If 10.4% is the nominal rate, try the following with 360 or 365:
=FV(10.4%/365, 365,, -1) - 1
Ah, simply 10.4%/365. The FV() above would be the APR.
Klunk!
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