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Effective Annual Interest Rate: Definition, Formula, and Example
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:max_bytes(150000):strip_icc()/dotdash_INV_final-Stated-Annual-Interest-Rate_2021-01-b21e3142ad46439fa021c4ce978baa68.jpg "Stated Annual Interest Rate Explained, How to Calculate")
Stated Annual Interest Rate Explained, How to Calculate
Using RATE function in Excel to calculate interest rate
