I would like to know the formula used in excel for rate function. Anybody knows and can share with me ? as i need to use that in other programmining language where these financial functions are not available.
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I have pv, fv, and period. there will be no payments made. I want the interest rate. I do it long hand it works. I do it using the rate function it doesn't! This also doesn't work with nper. Here is a simplified excel example. What am I doing wrong?
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8 = 0.7 to 0.8
7= 0.8 to 0.9
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3= 1.2 to 1.3
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CCAREA RT2$0.00 $0.00 $0.00 $0.00 $0.00
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SH RT2$74.08 $148.16
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DELTAP RT1$39.26 $78.52 $126.76
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USD Equivalent In Column Based On The Exchange Rate At The Time
Dates in Column A
Currency in Column B (expressed as EUR, CHF or GBP)
Amount in Column C
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Here's my problem:
A) This is regarding a real estate transaction.
B) Assume the funds to acquire the investment total $60,000.
C) Assume the purchase date is 1/1/10.
D) Assume the sales price (including costs) would total $76,000.
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The default rate of currency exchange is set to ave 60 (C12). However if the user knows the current rate he can put it manually in C6 and sheet will make all the calcs on this instead of using the default rate.
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