Question: Using the RATE function Loan $200,000 Payment $32,000 Years 10 Rate
| Using the RATE function | ||||||||
| Loan | $200,000 | |||||||
| Payment | $32,000 | |||||||
| Years | 10 | |||||||
| Rate | <== Use the RATE function to calculate the annual interest rate on this loan. | |||||||
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