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Rounding Interest to nearest eighth
Please help me create a formula to round interest rate to nearest eighth.
Example: original interest rate is 6.89 Rate needs to be either 6.875 or 7.00. The formula needs to calculate the difference between 7.00-6.89 and 6.89-6.875 and determine whichever difference is less then it would round the interest rate to either 6.875 or 7.00. Thank you. |
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