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# I'd like to know how to find the interest rate if it is not...

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 Question by Keefer Submitted on 4/5/2004 Related FAQ: sci.math FAQ: Formula for Compound Interest Rating: Rate this question: N/A Worst Weak OK Good Great I'd like to know how to find the interest rate if it is not given. If I have the cash amount, the term, the monthly payment and the final amount, how do I get the interest rate? Example: Cash Amount \$210 Term 60 months Payment \$5 Final Amount \$300 What is the interest rate and how do I get it? thanks Keefer

 Answer by necee Submitted on 8/8/2004 Rating: Not yet rated Rate this answer: N/A Worst Weak OK Good Great inital investment \$1000 for 5 years and then \$400 a year thereafter in perpetuity.  What is the rate of interest and is this a fair deal?

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<< Back to: sci.math FAQ: Formula for Compound Interest