How to calculate daily compound interest

wmlbrn

New Member
Joined
Apr 10, 2008
Messages
8
I am trying to set up my excel to calculate daily compound interest.

The amount is 10,000 at 0.75% per day for 6 months.

I have tried several different things with no success - help please :)
 

Excel Facts

Will the fill handle fill 1, 2, 3?
Yes! Type 1 in a cell. Hold down Ctrl while you drag the fill handle.
Doesn't that calculate .75% per annum???

I am looking to figure out .75% per day compounded.
 
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Well they kinda helped - this is what i have done

a1 = starting balance
b1 = interest rate
c1 = interest earned (a1*b1)
d1 = a1+c1
a2 = d1
b2 = interest rate

and so on for 182 days

is there a better way?

---------
pedro-egoli - that is exactly what i have done - is there a way though to get A2 to = 182 days
 
Last edited:
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