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-   -   How do I solve for the interest rate I have price and number of periods (https://www.askmehelpdesk.com/showthread.php?t=449384)

  • Feb 20, 2010, 10:18 AM
    karenshetre
    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
  • Feb 21, 2010, 10:14 AM
    pready

    Interest = Principal * Rate (Annual Rate / 2) * Time (2 * Number of Years)
  • Feb 23, 2010, 02:14 AM
    morgaine300

    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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