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Hence the Function Arguments RATE Nper 43 12 - 516 Pmt -640 640 Fv 3300000 13300000 Type - number 0.007037542 Returns the interest rate per period of a loan or an investment. For example, use 6%/4 for quarterly payments at 6% APR. Nper is the total number of payment periods for the loan or investment. Formula result 196 Help on this function OK Cancel

APR= 0.703% * 12 =8.45%

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