Both =SUM(B18^C18)-D18 and =(B18^C18)-D18

give 0.12550881

How is E20 formatted? Format as General and look again

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Kind regards,

Niek Otten

"beohlsson" wrote in message
oups.com...
Ok! Still can't get it

B18 = 1.03 (or 1,03)
C18 = 4
D18 = 1
E20 =SUM(B18^C18)-D18 = 0,00%

On my calculator the answer is 0,1255 or 13%. The numbers seems to be
too small somehow for excel ;-)

Help pls