Here you go:
The rate function will give you the periodic rate (for 152/365 of a year).
=RATE(nper,pmt,pv,fv,type)
Which must be adjusted to get the APR
=RATE(1,179543,-160000,0)/152*365
Does that help?
Regards,
Ron
"hsummer" <[email protected]> wrote in message
news:[email protected]...
>I have made a loan for 152 days. The amount is 160000 payable at end of
> period in the amount of 179543.
>
> Please give me the formula.
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