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Old October 29th 04, 07:56 PM
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Default finance charge on credit card

I need a formula that I could use to figure out finance charge on a monthty
basis on a credit card.

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Old November 1st 04, 02:37 PM
BrianB
 
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Not sure exactly what you want.

Say Interest Amount in A1 and Total Amount in B1
Interest Amount/Total Amount times 100 = percent rate
in C1 put formula =A1/B1
(format C1 as percent)

Say Total Amount in A1 and Percent Rate in B1
Total Amount times Percent Rate divided by 100 = Interest Amount
format B1 as percent
in C1 put formula = B1* B1


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