>I tried asking is question once upon a time and no one could convert it that is why I choose to call excel now I have a user who does not have excel so we just ignore the calc but they really want to know.
>
>It is calculating an equivalent rate.
>
>=RATE($A$1,-(($B$1+C1)/$A$1),$B$1)*12
>
>A = Term
>B = LoanAmt
>C = Interest
>
>D = EquivRate.
>
>Give it a shot....
Is equiv.xls exists?
Against Stupidity the Gods themselves Contend in Vain - Johann Christoph Friedrich von Schiller
The only thing normal about database guys is their tables.
