how do an @if formula to meet criteria where x is divisible by 12
Trying to compound interest earned every 12 months, so setting up an @if
formula based on month equally divisible by 12. |
One way:
Take a look at the FV function =FV(i/12, n*12, pmt, PV) where i = the annual interest rate, and n = the number of years. PV = the present value of the investment/loan, and pmt is any periodic payment (or 0, if none). Note: if pmt = 0, FV and PV will be of opposite signs. Think of negative numbers as outflows of cash, and positive numbers as inflows. You could also use (assuming pmt = 0) =PV*(1+i/12)^(n*12) In article , "lax_fan" wrote: Trying to compound interest earned every 12 months, so setting up an @if formula based on month equally divisible by 12. |
Thanks. I really did not post question correctly, so have done a new one.
"JE McGimpsey" wrote: One way: Take a look at the FV function =FV(i/12, n*12, pmt, PV) where i = the annual interest rate, and n = the number of years. PV = the present value of the investment/loan, and pmt is any periodic payment (or 0, if none). Note: if pmt = 0, FV and PV will be of opposite signs. Think of negative numbers as outflows of cash, and positive numbers as inflows. You could also use (assuming pmt = 0) =PV*(1+i/12)^(n*12) In article , "lax_fan" wrote: Trying to compound interest earned every 12 months, so setting up an @if formula based on month equally divisible by 12. |
All times are GMT +1. The time now is 10:36 PM. |
Powered by vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
ExcelBanter.com