T The Thinker Sep 19, 2008 #1 Solving for the nominal rate of interest? How do I insert the formula into excel since I do not see k* and IRP?
Solving for the nominal rate of interest? How do I insert the formula into excel since I do not see k* and IRP?
B Bernard Liengme Sep 19, 2008 #3 If you know pv, pmt, fv and nper then use RATE Remember to work with correct time units. If nper is months and pmt is month the RATE is monthly rat. Multiply it by 12 to get nominal annual rate best wishes
If you know pv, pmt, fv and nper then use RATE Remember to work with correct time units. If nper is months and pmt is month the RATE is monthly rat. Multiply it by 12 to get nominal annual rate best wishes
