+ Reply to Thread
Results 1 to 5 of 5

My formula set doesn't work, can't see any problem. HELP!

  1. #1
    Registered User
    Join Date
    01-10-2018
    Location
    Vancouver, WA
    MS-Off Ver
    360
    Posts
    3

    My formula set doesn't work, can't see any problem. HELP!

    I have no extensive knowledge of EXCEL so when I needed to create a tool I searched Google and collected information from several sources. I entered the formulas and it doesn't work. I went back and researched again, looking at several additional sources and came up with the same formulas that don't work. If somebody can tell me where I'm going wrong or that this is just not possible, either way, I'll be grateful.

    COLUMN A COLUMN B (COLUMN B FORMULAS USED)
    START DATE 11/03/2017
    END DATE 12/31/2017
    TOTAL DAYS 59 =SUM(B3-B2)+1
    PRINCIPAL $620,000
    ANNUAL RATE 10%
    ANNUAL COMPOUNDING PERIODS 1
    LENGTH OF TERM – YEARS 0.16166 =SUM(B4*0.00274)
    NOTE TOTAL $629,626.84 =B5*(1+B6/B7)^(B7*B8)
    INTEREST EARNED $9,626.84 =SUM(B9-B5)
    ____________________________________________________________________________________
    However: $620K, 10% = $62K. $62K / 365 = $169.86. $169.86*59 = $10,021.74

    I have not had a reason to test the multiple compounding yet since I can't even figure out how to get a simple
    problem accurate result.

    THANKS!

  2. #2
    Registered User
    Join Date
    01-10-2018
    Location
    Vancouver, WA
    MS-Off Ver
    360
    Posts
    3

    Re: My formula set doesn't work, can't see any problem. HELP!

    That did't format when I posted, maybe this will make it easier to understand:

    CALC SCREEN SHOT.jpg

  3. #3
    Forum Expert
    Join Date
    05-05-2015
    Location
    UK
    MS-Off Ver
    Microsoft Excel for Microsoft 365 MSO (Version 2402 Build 16.0.17328.20068) 64-bit
    Posts
    28,209

    Re: My formula set doesn't work, can't see any problem. HELP!

    Attach a sample workbook (not image).

    Make sure there is just enough data to demonstrate your need. Include a BEFORE sheet and an AFTER sheet in the workbook if needed to show the process you're trying to complete or automate.

    Make sure your desired results are shown, mock them up manually if necessary.

    Remember to desensitize the data.

    Click on GO ADVANCED and then scroll down to Manage Attachments to open the upload window.

  4. #4
    Registered User
    Join Date
    01-10-2018
    Location
    Vancouver, WA
    MS-Off Ver
    360
    Posts
    3

    Re: My formula set doesn't work, can't see any problem. HELP!

    Thanks, John.
    The example shows the data I need (column A), and column B is the data inputs unique to each instance or the calculations from the formulas. If it is a formula field, that formula is illustrated to the right. In this case, the result shows as (interest earned) $9626.84. Right underneath that I show that the result should be $10,021.74 if calculated manually. Hopefully, I've answered your question?

  5. #5
    Forum Guru Jonmo1's Avatar
    Join Date
    03-08-2013
    Location
    Bryan, TX
    MS-Off Ver
    Excel 2010
    Posts
    9,763

    Re: My formula set doesn't work, can't see any problem. HELP!

    The formulas in the top part of your post are NOT doing the same math that you demonstrate at the bottom where you said "However".
    You hard coded a number 0.00274 in the length of term formula., but it looks like you used 365 in the bottom part.

    To use the data from the top part, in the math you described at the bottom it goes like this

    =(Principle*Rate)/365*(EndDate-StartDate+1)
    =(B5*B6)/365*(B3-B2+1)

    You didn't have the term lenth in Days in the data above, so maybe you want B7*365
    =(B5*B6)/(B7*365)*(B3-B2+1)
    Last edited by Jonmo1; 01-10-2018 at 04:03 PM.

+ Reply to Thread

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Replies: 3
    Last Post: 07-31-2017, 11:10 AM
  2. Optimization problem when Solver doesn't work
    By fouzi in forum Excel Programming / VBA / Macros
    Replies: 3
    Last Post: 05-24-2012, 09:53 AM
  3. vba doesn't work with "iferror()" and formula autofill problem
    By lkim in forum Excel Programming / VBA / Macros
    Replies: 2
    Last Post: 01-10-2012, 07:47 AM
  4. Why Doesn't This Formula Work?
    By rockdave35 in forum Excel General
    Replies: 3
    Last Post: 05-18-2009, 04:14 PM
  5. [SOLVED] FORMULA DOESN'T WORK
    By Loyd in forum Excel General
    Replies: 4
    Last Post: 03-30-2006, 01:20 PM
  6. RE: Edit-Find doesn' work, don't know the problem.
    By Gary''s Student in forum Excel - New Users/Basics
    Replies: 0
    Last Post: 09-16-2005, 08:05 PM
  7. Edit-Find doesn' work, don't know the problem.
    By micasidulce in forum Excel - New Users/Basics
    Replies: 0
    Last Post: 09-16-2005, 08:05 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Search Engine Friendly URLs by vBSEO 3.6.0 RC 1