Question: Getting the NPV results using MS Excel, what is the rate in the formula =NPV(rate, value 1, [value 2]...) It is described as The rate

Getting the NPV results using MS Excel, what is the "rate" in the formula =NPV(rate, value 1, [value 2]...) It is described as "The rate of discount over the length of one period" (MS Help). What is the rate of discount? Thanks

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