compound interest formula
 

hello,

Ok, I have a material cost in cell A1 - todays date in A2, the date the
material will be delivered in A3, and an inflation value in A4 (%per annum).

I need a formula that will work out what the material will cost when the
material is delivered.

eg. costs £100 today at a rate of 5%per annum it will cost £105 next year
and £110.25 in two years.

All input values are in seperate cells and can vary. Also it will have to
cope with fractions of a year.

Any ideas?

Ciara

Try this:

Set A2 and A3 to "Date" format.
A5 = A1*(1+A4)^((VALUE(A3)-VALUE(A2))/365)


Hope it helps.




Ciara Wrote:
hello,

Ok, I have a material cost in cell A1 - todays date in A2, the date
the
material will be delivered in A3, and an inflation value in A4 (%per
annum).

I need a formula that will work out what the material will cost when
the
material is delivered.

eg. costs £100 today at a rate of 5%per annum it will cost £105 next
year
and £110.25 in two years.

All input values are in seperate cells and can vary. Also it will have
to
cope with fractions of a year.

Any ideas?

Ciara


--
Morrigan
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say I want to do it between jan '04 and jan'05 - this counts as 1 year for me
but has 366 day - how can i account for a leap year?

"Morrigan" wrote:


Try this:

Set A2 and A3 to "Date" format.
A5 = A1*(1+A4)^((VALUE(A3)-VALUE(A2))/365)


Hope it helps.




Ciara Wrote:
hello,

Ok, I have a material cost in cell A1 - todays date in A2, the date
the
material will be delivered in A3, and an inflation value in A4 (%per
annum).

I need a formula that will work out what the material will cost when
the
material is delivered.

eg. costs £100 today at a rate of 5%per annum it will cost £105 next
year
and £110.25 in two years.

All input values are in seperate cells and can vary. Also it will have
to
cope with fractions of a year.

Any ideas?

Ciara


--
Morrigan
------------------------------------------------------------------------
Morrigan's Profile: http://www.excelforum.com/member.php...fo&userid=7094
View this thread: http://www.excelforum.com/showthread...hreadid=377082

Try the YearFrac worksheet function. You need to enable the analysis toolpak

Mangesh



"Ciara" wrote in message
...
say I want to do it between jan '04 and jan'05 - this counts as 1 year for
me
but has 366 day - how can i account for a leap year?

"Morrigan" wrote:


Try this:

Set A2 and A3 to "Date" format.
A5 = A1*(1+A4)^((VALUE(A3)-VALUE(A2))/365)


Hope it helps.




Ciara Wrote:
hello,

Ok, I have a material cost in cell A1 - todays date in A2, the date
the
material will be delivered in A3, and an inflation value in A4 (%per
annum).

I need a formula that will work out what the material will cost when
the
material is delivered.

eg. costs £100 today at a rate of 5%per annum it will cost £105
next
year
and £110.25 in two years.

All input values are in seperate cells and can vary. Also it will
have
to
cope with fractions of a year.

Any ideas?

Ciara


--
Morrigan
------------------------------------------------------------------------
Morrigan's Profile:
http://www.excelforum.com/member.php...fo&userid=7094
View this thread:
http://www.excelforum.com/showthread...hreadid=377082