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Compound Rate Function
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Ron Coderre
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Actually, I believe JE is correct is suggesting the RATE function:
A1: RATE =RATE(A4,A3,A2,A5,A6)---Which calcs to 10%
A2: PV 0
A3: PMT -100
A4: TERM 5
A5: FV 610.51
A6: TYPE 0
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Regards,
Ron
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