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kdk09mentions
Apr 17, 2019Copper Contributor
Interest Rate Calculation - with 2 payment streams
I need to solve for Annual Interest rate (compounded daily) with two payment streams.
56 Months @ $375.00 monthly payment
1 Final Payment @ $154.89. The rate function won't work because of the unique final payment. I tried the IRR function without success. Any ideas on how I can calculate the Annual interest rate for this loan?
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