Hi Johnny,
My apologizes for not being clearer.
I've never used Rate Function in Excel nor Calc.
I've explored the ? Help function but that's not altogether clear for me.
I'm trying to figure out the step-by-step of calculating the interest rate
(not total interest amount charged for the length of the loan) on a car
loan where $11,886.87 is borrowed and the monthly payments are $291.09 a
month for 48 months.
I open Calc and then where do I find Rate Function?
Once that feature is activated, how/where do I input the factors I have to
have it calculate the interest rate?
Thank you for your help.
Charles.