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Niek Otten Niek Otten is offline
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Default financial function ..please

Unless you specify how the interest decreases, this problem has an infinite number of solutions. Another way of saying that is
that it can not be solved.

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Kind regards,

Niek Otten
Microsoft MVP - Excel

wrote in message ups.com...
| Hello all,
|
| I am in challenge with my boss if i can solve this .. so i want sone
| one to help me and then i will understand it and know how it works to
| expecdt in==any futuire questions from him in this matter.
|
| =================
| . If a company borrow 30,000,000 $ from a bank.
|
| . It will pay monthly to the bank 3,000,000 $
|
| . The period of the loan is 15 years.
|
| . By the end of the loan he will found that have paid 45,000,000 $.
|
| . The interest rate is not fixed but getting decrease every year.
|
| = So he want to know how the interest rate will be in the first,
| seconde and the third year ..until the year 15.
|
| =================
|
| So, i need toi know please how to do it .. i want to understand to be
| ready for future questions.
|
| Thanks very much,
|
| Bassem
|
|