Looking for TVM contributions
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06-17-2024, 06:37 PM
Post: #58
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RE: Looking for TVM contributions
from an unknown but astute source;
EXCEL uses a slightly different TVM equation in solving for interest rate … making it most useful PV(1+RATE)NPER + PMT (1+RATE*TYPE)[{(1+RATE)NPER} - 1] / RATE + FV = 0 This equation holds true i.e. it equals ZERO when at least one or at most two of the three variables of PV, FV, and PMT are negative. BEST! SlideRule |
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