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Quickly Calculate Interest with Excel's RATE Function! 💰 #excel #excelshorts

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Quickly Calculate Interest with Excel's RATE Function! 💰 #excel #excelshorts

Quickly Calculate Interest with Excel's RATE Function! 💰 The RATE function in Excel is used to calculate the interest rate per period of an annuity. This is particularly useful for financial calculations, such as determining the periodic interest rate on loans or investments based on payment schedules. Syntax: =RATE(nper, pmt, pv, [fv ...

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