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The formula used to determine the future value of the loan will be =FV(F10/4,F8*4,-F11,F4), assuming that the quarterly payments are restricted to $15,000 each quarter.
What is rate?
A rate in mathematics is the comparison of two related values expressed in different units. The numerator of the ratio shows the rate of change in the other (dependent) variable if the denominator of the ratio is written as a single unit of one of these variables, and if it is believed that this variable may be modified systematically (i.e., is an independent factor). "Per unit of time" is a common sort of rate, and examples include speed, heart rate, and flux. Currency values, literacy levels, and applied electric ratios are examples of ratios with a non-time denominator (in volts per meter).
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