I read the follow up posts and thought I should point out that you need to
read whatever documentation about how your interest is accrued. Frequently
interest rates are based on a 360 year month and charged on a daily basis,
thus slightly increasing the interest rate that is changed. In this case you
need to divide the stated rate by 360 and then multiple the rate by the
number of days in the month.


"Chasmcf" wrote:

> Is there a template to compute interest income on a daily basis