Thank you Ron so much. You are a genius and awesome!!!

"Ron Rosenfeld" wrote:

On Tue, 31 Jan 2006 16:26:28 -0800, "Renee Nguy" <Renee
wrote:

Please help me create a formula to round interest rate to nearest eighth.
Example:
original interest rate is 6.89
Rate needs to be either 6.875 or 7.00.
The formula needs to calculate the difference between 7.00-6.89 and
6.89-6.875 and determine whichever difference is less then it would round the
interest rate to either 6.875 or 7.00.
Thank you.


=ROUND(A1/(1/8),0)*1/8


--ron