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SOLUTION: The table of conversion from flat interest rate to reducing balance interest rate is based on the formula F= (1+R)^n (nR-1)+1/ n(1+R)^n-n, where F is the flat rate per month, R
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Create Flat and Reducing Rate of Interest Calculator in Excel
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![What is Flat Rate Pricing? [+5 Examples]](https://blog.hubspot.com/hs-fs/hubfs/Flat%20Rate%20Formula.png?width=1104&name=Flat%20Rate%20Formula.png "What is Flat Rate Pricing? [+5 Examples]")
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