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Financial formula to calculate interest income
I have the following spreadsheet: column a Year 2006 column b Beginning balance 25000 column c yearly contribution 10000 column d Interest Rate 15% column e Interest Income ?? column f Ending Balance Beg bal + yr contr + Int income Contributions would be made at the beginning of year. Interest rate is annual interest rate. WHAT IS THE FORMULA FOR THE INTEREST INCOME? -- JR573PUTT ------------------------------------------------------------------------ JR573PUTT's Profile: http://www.excelforum.com/member.php...o&userid=31587 View this thread: http://www.excelforum.com/showthread...hreadid=524970 |
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