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![Calculating Interest Rates on Existing Loans with the Rate Function in Microsoft Excel](https://1a-1791.com/video/s8/1/S/Q/4/r/SQ4rs.qR4e-small-Calculating-Interest-Rates-.jpg)
Calculating Interest Rates on Existing Loans with the Rate Function in Microsoft Excel
7 months ago
6
Lets figure out some interest rates with the RATE function! This function is used to figure out the interest rate on an existing loan, or to calculate the interest rate you would need if you knew the amount you were going to borrow, and what payments you wanted.
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