How to compound interest daily
Hi,
I may be completely misunderstanding here but isn't it simply:-
Capital*daily interest rate+Capital
So would 4 columns suffice
Daily Todays
Date Capital interest Rate
01/01/2007 1000.00 =B3-B2 0.01
02/01/2007 =B2*D2+B2 =B4-B3 0.01
Drag down the formulas in columns B & C
Changes in the daily interst rate cna be shown in column D
Mike
"j5b9721" wrote:
I need a copy and paste formulia that will compound interest daily for 365
days a year showing daily totals.
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