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You have a bit of a gambling problem. After a string of losses, betting on just about anything that moved, you owe Jeff your neighborhood
You have a bit of a gambling problem. After a string of losses, betting on just about anything
that moved, you owe Jeff your neighborhood bookie $
Jeff won't let you bet anymore, but he offers you a payment plan. After carefully considering that
you don't want Jeff to break your legs you agree to the payment plan.
On the and of each month, you'll pay Jeff $ You will do this for years. Today is
the first of the month and Jeff wants the first payment today.
What interest rate is Jeff charging you?
Enter your formula in cell A
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