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Chapter 18. Building Investment Formulas > Calculating the Required Interest Ra...

Calculating the Required Interest Rate

If you know the future value that you want, when you want it, and the initial deposit and periodic deposits you can afford, what interest rate do you require to meet your goal? You answer that question using the RATE() function, which you first encountered in Chapter 17.

→ To work with the RATE() function in a loan context, seeCalculating the Interest Rate Required for a Loan,” p. 411.



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