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Using sumproduct with dividing and subtraction
I'm trying to come up with a formula where I can calculate accrued interest
based on certain criteria. I have about 5 columns....Date Range, Principal, Interest, Invest Type, Rate, No. of Days, Year Base (360 or 365) and I want to come up with a formula that will calculate accrued interest up to a specific date for certain invest types. The Sumproduct formula seems like it would work....but I can't figure out how to use it and have it divide by the year base. Is there some other formula that can do this? |
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