Financial formulas

[JR573PUTT]

I have the following spreadsheet:

year beg bal yr contr int rate int inc ending balance
2006 25000 10000 15% ??

What formula do I use to calculate the interest income?

[kassie]

You can use: =SUM(B2:C2)*D2, although this does not take into
considerationmotnly interest earnings, but only one annual earning

"JR573PUTT" wrote:

>
> I have the following spreadsheet:
>
> year beg bal yr contr int rate int inc ending balance
> 2006 25000 10000 15% ??
>
> What formula do I use to calculate the interest income?
>
>
> --
> JR573PUTT
> ------------------------------------------------------------------------
> JR573PUTT's Profile: http://www.excelforum.com/member.php...o&userid=31587
> View this thread: http://www.excelforum.com/showthread...hreadid=524890
>
>

[Fred Smith]

It depends on when you make your yearly contribution. If you make it at the
beginning of the year, the formula is:

=(begbal+yrcont)*intrate

If it's at the end of the year, the formula is:

=begbal*intrate

--
Regards,
Fred


"JR573PUTT" <[email protected]> wrote in
message news:[email protected]...
>
> I have the following spreadsheet:
>
> year beg bal yr contr int rate int inc ending balance
> 2006 25000 10000 15% ??
>
> What formula do I use to calculate the interest income?
>
>
> --
> JR573PUTT
> ------------------------------------------------------------------------
> JR573PUTT's Profile:
> http://www.excelforum.com/member.php...o&userid=31587
> View this thread: http://www.excelforum.com/showthread...hreadid=524890
>