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The interest rate is the fee charged by a lender to a borrower and is expressed as a percentage of the principal—the lent amount. The interest rate on a loan is often expressed as an annual percentage rate, abbreviated as APR (APR). Additionally, an interest rate may be applied to funds earned in a bank… read more »
This post will guide you how to use Excel RATE function with syntax and examples in Microsoft excel. Description The Excel RATE function returns the interest rate per payment period of an annuity. The RATE function is a build-in function in Microsoft Excel and it is categorized as a Financial Function. The RATE function is… read more »
This post will guide you how to calculate the compound annual growth rate (CAGR) in excel. How to calculate the average annual growth rate (AAGR) using excel formula. What is Compound Annual Growth Rate (CAGR) and AAGR? CAGR measures the rate of return for an investment over an investment period. It is also called a… read more »
