Calculation of Compounded Interest on a debt
Sory... the formula in Z100 is the total interest
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Gary''s Student - gsnu200785
"David Brereton" wrote:
HELP please. I have looked through all possible formulae but cannot find one
to suit.
I am trying to find an easy / short way to calculate interest on a debt ,
but compounded on a daily basis.
The info I will have will be :-
1. Amount of debt
2. Start date of debt
3. Date to which interest is to be calculated to
4. Interest rate ( fixed )
How can I create a formulae to calculate this in one swoop ?
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