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I borrow money for my small biz on an indefinite period., and I cant get the
answer I need bu usng Excel 2003's interest rate calculations, as this seems to only work if there is a defintie period of time. example: I borrow £10 at a rate of 1% for every 14days. Typically I repay it at anytime between 14 and 90 days. So i want to be able to know how much interest I am clocking up on 14 day basis. Advice always welcome! Thank you |
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