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Mac > Excel for Mac > Calculating mor...
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Calculating mortgage interest

by =?Utf-8?B?Rm9ybXVsYSBGcmVk?= <FormulaFred@[EMAIL PROTECTED] Jun 25, 2007 at 11:33 PM

I am trying to find a formula that will give me really accurate compound 
> > > interest calculations, where interest is calculated daily and added
monthly. 
> > > I have used A=P(1+r) to power n, where A=ac***ulated sum, P is
principal 
> > > and r=interest rate expressed as a pro****tion and n is the term. 
Using the formula above, I have been 
> > able to get close to an accurate figure for calculating interest on my

> > mortgage, but it is not quite right for a case where interest is
calculated 
> > daily and added monthly. Do you have a better suggestion, please? 
> > > Can you help, please?
 




 1 Posts in Topic:
Calculating mortgage interest
=?Utf-8?B?Rm9ybXVsYSBGcmV  2007-06-25 23:33:00 

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tan12V112 Sat Jul 19 23:39:42 CDT 2008.