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Posted to microsoft.public.excel.worksheet.functions
Demi
 
Posts: n/a
Default reverse principle calculation

Is there a way to enter a formula to calculate what the original
principle amount is if I know the other variables?

Date Invoice 1/1/04
Date of Period 1/1/05 '366 days
Interest Rate 18%/Year

1/1/05 balance of Principle +Interest 1000.00

What is the original principle and formula to calculate????

-Demi