Good day everyone,
I have a project that I need to do.
I need to get a function to work out interest rate.
I have the following:
Cost of product
Present value
Payment per month
Period
I would like to know how to work out the interest rate. So that means I don't have the percentage.
How would I go about doing that?
For everything that I have searched the formula has the interest rate percentage in the formula.
Thanking you in advance
P.S. We are working on Compounded interest rate (Yearly)
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