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Not sure if the subject makes sense
I have 2 dates Rate = 8% Start = 12/28/2009 End = 2/18/2010 This is 7 weeks 3 days Daily interest = .08/365 = 0.02192% How do I find what the total for say $35.95 and the end of the period 02/18/2010 - If daily interest is applied at the end of every week. 1. Do I add the 3 days to 35.95 before calculating week1? 2. Is there a built in function that does this I'm thinking the total should be around 253.20 + the 3 days Thanks Steve |
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