karenshetre Posts: 1, Reputation: 1 New Member #1 Feb 20, 2010, 10:18 AM
How do I solve for the interest rate I have price and number of periods
How do I solve for interest rate? I have the fair market price the number of years and the down payment amount and the amount to be paid semiannually
 pready Posts: 3,197, Reputation: 207 Ultra Member #2 Feb 21, 2010, 10:14 AM

Interest = Principal * Rate (Annual Rate / 2) * Time (2 * Number of Years)
 morgaine300 Posts: 6,561, Reputation: 276 Uber Member #3 Feb 23, 2010, 02:14 AM

Is it simple or compound interest? And if it's compound, are you supposed to be using algebra equations, financial calculator?

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