How would I determine the interest rate on a loan with an initial deferral period?
Example:
PV: $105,905
N: 24 (maybe 27?)
Pmt: Months 1-3 at $0, Months 4-27 $4,626
FV: $0
Using T-Value, I get a rate of 3.67%, but I can't mimic it in Excel.
Example:
PV: $105,905
N: 24 (maybe 27?)
Pmt: Months 1-3 at $0, Months 4-27 $4,626
FV: $0
Using T-Value, I get a rate of 3.67%, but I can't mimic it in Excel.
