Dear, having issues to calculate the Yearly interest rate of the salesmen of our organisation. A salesman can have, or should have, multiple sales in a year like next:
Salesman 1 * Customer A: Contract for 4 years - rate of 4,52% * Customer B: Contract for 2 years - rate of 10,23% * Customer C: Contract for 6 years - rate of 2,10%
Salesman 2 * Customer A: Contract for 6 years - rate of 4,52% * Customer B: Contract for 8 years - rate of 10,23% * Customer C: Contract for 10 years - rate of 2,10%
Now I should say that both salesmen have the same average interest rate 5,616% but this is not correct because I'm not taking in consideration the length of contracts.
Could some one assist me on this, I don't even know how to think about this.
Thx
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