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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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