changing rates

  1. P

    Calculate interest with changing rates and repayments

    Hi everyone! I am calculating simple interest payments for a particular month. I have the outstanding principal and the rates can change within a month. So far, I have used the formula below: =IF(E8="-",I8*(M8-1)/365*P8%,I8*(DAY(E8)-1)/365*D8%+I8*(M8-DAY(E8)+1)/365*P8%) E column stores the...

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