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#1
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how do i create a cd calculator
I have a Certificate of Deposit that automatically transfers the interest to
another account. I'd like to create a worksheet that would tell me how much would have been in the CD if the interest had been left. |
#2
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how do i create a cd calculator
You want the FV (future value) function. Post back if you need more help.
Regards, Fred. "julie410" wrote in message ... I have a Certificate of Deposit that automatically transfers the interest to another account. I'd like to create a worksheet that would tell me how much would have been in the CD if the interest had been left. |
#3
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how do i create a cd calculator
I know basic excel functions, could you help me with the formula? The initial
investment is $5000, interest rate has fluctuated but it started at 3.5%, and interest is earned monthly. "Fred Smith" wrote: You want the FV (future value) function. Post back if you need more help. Regards, Fred. "julie410" wrote in message ... I have a Certificate of Deposit that automatically transfers the interest to another account. I'd like to create a worksheet that would tell me how much would have been in the CD if the interest had been left. |
#4
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how do i create a cd calculator
The best way to get help on an Excel function is to use the Help facility.
It's much faster than this board. However, your problem is now different from what you initially stated, so FV may not work for you. The problem is the fluctuating interest rate. So we need more clarification on the solution you want. What do you want to compare? The total interest received versus the total interest that would have been earned had it been reinvested? How long a time period are we talking about (how many reinvestments)? Currently, you transfer the interest to a separate account. Does that account earn any interest? If so, should this be accounted for? Do we assume that the rate for interest paid monthly is the same as the compounding rate? If so, is this a fair assumption? Regards Fred "julie410" wrote in message ... I know basic excel functions, could you help me with the formula? The initial investment is $5000, interest rate has fluctuated but it started at 3.5%, and interest is earned monthly. "Fred Smith" wrote: You want the FV (future value) function. Post back if you need more help. Regards, Fred. "julie410" wrote in message ... I have a Certificate of Deposit that automatically transfers the interest to another account. I'd like to create a worksheet that would tell me how much would have been in the CD if the interest had been left. |
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