troubleshooting Question

Interest calculation...

Avatar of Mike Eghtebas
Mike EghtebasFlag for United States of America asked on
Microsoft Excel
4 Comments2 Solutions129 ViewsLast Modified:
Sheet 1 of the attached Excel file has 6 columns.
payments
- The formula used for column E ("Interest todate") is: =(owed amount*interest rate)*(number of months)/12
Q1: How can I change it to calculate in daily basis?

- Item 3 ($500) paid on 10/1/2016 produces balance of $1,910.83
Q2: How to prepare this sheet upon future payments (say $600 on 11/1/2016, the balance amount to show up automatically.

Basically, columns E and F need to be automatically updated when a new entry in Columns C or D is made. These columns will not be updated for the same date.

Thank you
Payment_a.xlsx
ASKER CERTIFIED SOLUTION
C. Blaise Mitsutama
LMS Administrator | Instructional Designer

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