compound rate

  • Thread starter Thread starter Guest
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Guest

P=1000
N=5 (years)
P*(1+R)^N=1403
How do I get the value of R

Thanx
 
Dr. Sachin Wagh said:
P=1000
N=5 (years)
P*(1+R)^N=1403
How do I get the value of R

The easy way is Tools > Goal Seek

Another way is that R= ((1403/P)^(1/N))-1
 

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