Program: Unknown Interest Rate By: David Billigmeier What this program does is determines the exact value of the interest rate on an ordinary annuity given PV or FV, number of payments, and the payment amount HOW TO USE: Start the program and enter in all of the inputs. The program will now ask if you want to make an initial guess for i or use a well known formula to give a very rough first estimate. Enter "0" to use the formula. It will tell you the first guess. Now the program will continue to give better estimates each time you hit "Enter." Hit Enter only about 5 times until you reach the exact interest (technically still an estimate but accurate to the 10 billionth place). The program uses Newtons Method for computing the interest rate which is why you have to give an initial guess. This is great for tests where you have to show your steps in computing. Feel free to modify this program to better fit your needs, open it up and check it out. Feel free to contact me with any questions. You can get a recent email address for me on my web page under "Contact": www.dbpics.com