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Miscellaneous information
Formulas
Financial
RATE
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RATE
Category
: Financial Function.
Description
:
Calculates the interest rate required to pay off a specified amount of a loan, or reach a target amount on an investment over a given period.
Syntax:
RATE(nper, pmt, pv, [fv], [type], [guess])
(c) BioAware, 2024