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What is the rate function primarily used for

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Problem 1: What is an amortization schedule? What is the benefit of creating an amortization schedule?

Problem 2: What are some tips to remember when using financial functions?

Problem 3: What is the RATE function primarily used for? Why is the PMT value positive and the present value negative in the RATE function?

Problem 4: What data is the payback period based on? What new information does the Payback period data give you?

Reference no: EM132935444

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