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Could you please decribe more about the value for each variable
under this case?
For example, an insurance saving plan offers $20,000 return in the
next 20 years by paying $600 every year. How to determine the
interest rate ?
RATE(nper,pmt,pv,fv,type,guess)
RATE(20,600,20000,fv,type,guess)
What are the value fv, type, guess for this example?
[Quote]
If you really want the value of r it can be found,
r(r+1)?amp;#8315;ⁿ= A/F F≠0,r>0
[Quote]
Could you please explain more about what this code is about?
I look forward to your reply
Thank you
Eric
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