Jun 26, 2020 · Normally, banks calculate simple interest on the daily balance, which is paid to the account each month. (I chose the end of the month.) Thus, interest compounds monthly. So …

Mar 10, 2006 · B1 = 2% (annual interest rate) B2 = 20 (days) B3 = 100000 (amount) B4 = interest amount due based on above Thank you for any help offered.

Jul 31, 2025 · Your formula Principal * (1 + Rate)^ (Years) implies annual compounding, which means simple interest is calculated within the year, which as your examples show, may vary …

Jun 23, 2005 · I am looking for a financial/mathematical formula (or array) whereby the calculation of interest varies in case the base year happens to be a leap year (within the period …

Nov 28, 2025 · The interest calculation is meant to calculate a simple interest amount by multiplying the number of days since the last entry by the previous running total amount and …

Oct 21, 2022 · I don't know how to use excel at all. I've been watching many tutorials, but still cannot figure it out. I need a spreadsheet calculating post judgment simple interest. It's …

Feb 17, 2002 · Hello all, Total loan amount is 200,000.00 Interest rate is 6.95% Interest for 15 days is 38.6111 per day My question is what would the formula be to...

May 29, 2019 · I have used court calculators in the past to calculate the amount of interest (simple) owed, to-date, on a judgment but have been tasked with something I am unaware …

Apr 12, 2022 · Hello All, I've been struggling a lot with what seems to be a quite simple calculation. I am trying to make an Amortization Schedule for a Mortgage with variable interest …

Apr 23, 2014 · The rule is - use compound interest for each payment made based on the relevant fiscal year (I have an interest table that has the % broken down per month- it is the same for …