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Luke M Luke M is offline
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Default Formula to calculate interest only on a short term loan?

Did you look at the answers on your previous thread?

http://www.microsoft.com/office/comm...b-c0577e005416
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Luke M
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"Excel2007Help" wrote:

I am not familiar with Excel 2007 and need to calculate a bridge loan MONTHLY
INTEREST ONLY scenario, with a fixed %rate, for a range of 1 -6 months. Not
sure if if interest accrues daily or monthly.