To find the principal and rate of interest using the solver tool in calc, open a spreadsheet and enter the values for the term, payment amount and number of periods. Then use the solver tool to adjust the principal and interest rate cells to make the payment amount equal the values in the payment column by changing the principal and interest rate until an exact match is found. The principal and interest rate that produces the matching payment amount are the values being solved for.
To find the principal and rate of interest using the solver tool in calc, open a spreadsheet and enter the values for the term, payment amount and number of periods. Then use the solver tool to adjust the principal and interest rate cells to make the payment amount equal the values in the payment column by changing the principal and interest rate until an exact match is found. The principal and interest rate that produces the matching payment amount are the values being solved for.
To find the principal and rate of interest using the solver tool in calc, open a spreadsheet and enter the values for the term, payment amount and number of periods. Then use the solver tool to adjust the principal and interest rate cells to make the payment amount equal the values in the payment column by changing the principal and interest rate until an exact match is found. The principal and interest rate that produces the matching payment amount are the values being solved for.