Results 1 to 4 of 4

Intervals to calculate compounding interest

Threaded View

  1. #1
    Registered User
    Join Date
    08-19-2008
    Location
    Auckland, NZ
    MS-Off Ver
    2016
    Posts
    67

    Intervals to calculate compounding interest

    Hi,
    The attached chart uses intervals to calculate compounding interest - but because the number of days in a month varies, using whole numbers for the interval becomes less and less accurate as the timeframe increases. Ideally I would like to make this work by using numbers to 2 decimal points i.e 30.42 instead of just 30.
    PLEASE NOTE that I know there are formulae that will do this without an extensive spreadsheet but this is NOT what I want. I DO WANT to show the extensive spreadsheet, just with a more accurate way to automatically select every 30th (or more accurately 30.41667th) date / number and add the accumulated interest to the principal etc. Many thanks.
    Attached Files Attached Files

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. [SOLVED] Compounding interest
    By whitepaw in forum Excel General
    Replies: 11
    Last Post: 02-12-2018, 03:01 AM
  2. Compounding Interest
    By matt b in forum Excel General
    Replies: 6
    Last Post: 08-02-2014, 06:47 PM
  3. Calculating deferred interest payments with compounding interest
    By diananemo in forum Excel Formulas & Functions
    Replies: 0
    Last Post: 11-07-2012, 06:16 PM
  4. Calculate compounding "interest"
    By DrStrangepork in forum Excel Programming / VBA / Macros
    Replies: 2
    Last Post: 10-11-2012, 02:05 PM
  5. Replies: 0
    Last Post: 07-25-2012, 07:08 AM
  6. [SOLVED] RE: How can we use Excel to calculate interest with daily compounding
    By Duke Carey in forum Excel General
    Replies: 0
    Last Post: 05-31-2005, 08:05 PM
  7. Replies: 0
    Last Post: 05-31-2005, 08:05 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Search Engine Friendly URLs by vBSEO 3.6.0 RC 1