Calculating Finance Charges
=amount*1.018 gives you each month's finance charge.
If the amount in month 1 is $100, then $100*1.018 = $101.8
Invoice plus month 2 finance charges is $101.8*1.018 = $103.6324 etc
Dave
--
Brevity is the soul of wit.
"lindadi" wrote:
I am trying to calculate finance charges on an invoice at a rate of 1.8% per
month. This is to send to a customer. Can someone please tell me how to do
this. Thanks very much in advance!!
Regards,
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