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Gary''s Student
 
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Default Interest earned formula

Take a look at:

http://office.microsoft.com/en-us/te...CT011815531033

or other templates in the same site.
--
Gary's Student


"jklist" wrote:

Hello friends,

Need some expert advice from you all.

I have a spreadsheet which has a record of CD which my manager is planning
for the company and need to calculate the total value of each as well as
cumulative values.

I do not know how the banks calculate interest for cd and would like your
guidance on the same.

The coloums are as follows :

A B C D
E F
Sr.no--Principal amt --- Interest --- Years ---- End value --- Commulative
total
1 100,000 5.35 1
2 35,000 5.00 .6
3.
4.
5.

Please advice on the correct formula to be used.

Thanks
JKL