ExcelBanter

ExcelBanter (https://www.excelbanter.com/)
-   Excel Worksheet Functions (https://www.excelbanter.com/excel-worksheet-functions/)
-   -   APY and Interest rate calculation (https://www.excelbanter.com/excel-worksheet-functions/213354-apy-interest-rate-calculation.html)

boba[_2_]

APY and Interest rate calculation
 
What is the formula to have the interest rate change based on the APY? I
have amounts between 1000 to 10,000 with Interest rate and APY. When I change
the APY I want it to calculate interest rate for all the fields with
different amounts and APY with the new interest rate based on the new APY.
How can I copy the same formula for all the other columns.

[email protected]

APY and Interest rate calculation
 
I'm not sure I understand your question. Forgive me if this is a misdirection.

Generally, if the APY is in A1 and compounding frequency is in A2, then the
annual interest rate is:

=A2 * rate(A2, 0, -1, 1+A1)

Note that APY must be expressed as a percentage, entered either as 6.5% or
0.065 (optionally formatted as Percentage) -- not simply 6.5 (without "%").

If that does not address your question, I suggest that you provide some
numerical examples to explain what you want.


----- original posting -----

"boba" wrote:
What is the formula to have the interest rate change based on the APY? I
have amounts between 1000 to 10,000 with Interest rate and APY. When
I change
the APY I want it to calculate interest rate for all the fields with
different amounts and APY with the new interest rate based on the new APY.
How can I copy the same formula for all the other columns.



All times are GMT +1. The time now is 12:14 PM.

Powered by vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
ExcelBanter.com