Fred - I have to say your $100 example assisted me greatly in
understanding the effective interest rate ... I am truly greatful for
simplified answers because as I said in my opening post - I am no
financial wizard :-)
DWE
--
dwe
------------------------------------------------------------------------
dwe's Profile:
http://www.excelforum.com/member.php...o&userid=27914
View this thread:
http://www.excelforum.com/showthread...hreadid=490382