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#1
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Need Help with a Formula
I am new to excel. Trying to set up a formula for the following 2 examples
1. Semi Annual payments of $440,000 for 20 years, or 8Million dollars now, what is the interest rate that was used to arrive at the 8 million dollars 2. Semi annual payments of $440,000 for 20 years, an interest rate of 7%, how much should the payment be in a lump sum today? Thank you for your help, if you could provide me the formula so that I can play around with various amounts or interest rates that would be helpful. |
#2
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=RATE(40,-440000,0,8000000)*2 = -9.3945%
=PV(0.07/2,40,440000) = ($9,396,231.83) Don Pistulka "busterbrown885" wrote in message ... I am new to excel. Trying to set up a formula for the following 2 examples 1. Semi Annual payments of $440,000 for 20 years, or 8Million dollars now, what is the interest rate that was used to arrive at the 8 million dollars 2. Semi annual payments of $440,000 for 20 years, an interest rate of 7%, how much should the payment be in a lump sum today? Thank you for your help, if you could provide me the formula so that I can play around with various amounts or interest rates that would be helpful. |
#3
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In line:
In article , "busterbrown885" wrote: I am new to excel. Trying to set up a formula for the following 2 examples 1. Semi Annual payments of $440,000 for 20 years, or 8Million dollars now, what is the interest rate that was used to arrive at the 8 million dollars =RATE(20*2,-440000,8000000,0)*2 === 9.17% 2. Semi annual payments of $440,000 for 20 years, an interest rate of 7%, how much should the payment be in a lump sum today? =PV(A1/2,40,-440000) === $9,396,231.83 |
#4
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sorry,
I read the first question wrong. should be: =RATE(40,-440000,8000000)*2 9.1689% =PV(0.07/2,40,440000) = ($9,396,231.83) Don Pistulka "Don" wrote in message ... =RATE(40,-440000,0,8000000)*2 = -9.3945% =PV(0.07/2,40,440000) = ($9,396,231.83) Don Pistulka "busterbrown885" wrote in message ... I am new to excel. Trying to set up a formula for the following 2 examples 1. Semi Annual payments of $440,000 for 20 years, or 8Million dollars now, what is the interest rate that was used to arrive at the 8 million dollars 2. Semi annual payments of $440,000 for 20 years, an interest rate of 7%, how much should the payment be in a lump sum today? Thank you for your help, if you could provide me the formula so that I can play around with various amounts or interest rates that would be helpful. |
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