7.46875% = .0746875
to convert from percentage to decimal you have to divide by 100

"bronxbabe" wrote:

I'm trying to insert the formula for the correct results below. Here's what
I have:

Int Rate Int. Amt
Total Principal No of days (L+1.5%)
69,000,000.00 182 7.46875 2,605,348.96

I would like to achieve this Int. Amt result by using a formula. I was told
that I could just multiply the Total Principal * Int Rate, but when I insert
that formula, my results are $515,343,750.00.

Any suggestions?

Thanks in advance,