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What is the formula and result for working out the interest rate required for making £38106 into £73036 in 20 years?

(As if you put £38106 into a bank account and left it for 20 years, never taking anything out or putting anything else in.)

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  • =RATE(240,0,-38106,73036) equals 0.27%
    – Jacob Jan
    Commented Jun 30, 2015 at 13:34
  • Can achieve that by using RATE also here have a look at this thread calculate interest rate whether this helps.
    – BDRSuite
    Commented Jun 30, 2015 at 20:42

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