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If a person makes investment of $2040 per month for first 20 months & there after he makes investment of $2400 for next 6 months. At the end of these 26 months he receives $58582. Then how to calculate his rate of return in excel?
How to calculate rate of return on monthly investment?
If a person makes investment of $2040 per month for first 20 months & there after he makes investment of $2400 for next 6 months. At the end of these 26 months he receives $58582. Then how to calculate his rate of return in excel?
what's the calculation when its not in excel?
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If you want the simplified % gain it would be:
=(58582-(20*2040)-(6*2400))/58582
formatted as percentage gives 6.13%
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