E Edster New member Joined Aug 23, 2006 Messages 1 Aug 23, 2006 #1 I am embarassed but I have forgotten how to calculate the rate when I have; the principle, the payment amount and the total # of payments (in months). A little reminder would be greatly appreciated. Thanks to any and all who hep. Ed -
I am embarassed but I have forgotten how to calculate the rate when I have; the principle, the payment amount and the total # of payments (in months). A little reminder would be greatly appreciated. Thanks to any and all who hep. Ed -
D Denis Senior Member Joined Feb 17, 2004 Messages 1,700 Aug 23, 2006 #2 There is no formula for that, Ed; must be calculated by iteration... go here: http://www.hughchou.org/calc/formula.html
There is no formula for that, Ed; must be calculated by iteration... go here: http://www.hughchou.org/calc/formula.html
I am embarassed but I have forgotten how to calculate the rate when I have; the principle, the payment amount and the total # of payments (in months).