Well, why not use the RATE function in Calc? It seems to take the same
parameters as Excel do, are you saying it doesn't return the same values as
Excel?


Kind regards

Johnny Rosenberg


2018-06-07 19:53 GMT+02:00 charles meyer <[email protected]>:

> Hi Folks,
>
> Excel is supposed to calculate the interest rate on an auto loan (not just
> total interest paid) in its Rate Function.
>
> This is used when the car dealer provides the loam amount, the monthly
> payment amounts, term (e.g. 48 months) but *not* the interest rate.
>
> Has anyone found a similar function in Calc?
>
> Steps please?
>
> Thank you!
>
> Charles.
>
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