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Mr TaxGuy You have presented a reduced question from a more general topic. However, if this is your question and is based on SIMPLE Interest (no compounding), then the interest charge is: 1000*(.05+.02)/2 or $35 I hope this is what you were asking. GeorgeF -- GeorgeF ------------------------------------------------------------------------ GeorgeF's Profile: http://www.excelforum.com/member.php...o&userid=24124 View this thread: http://www.excelforum.com/showthread...hreadid=468829 |
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