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Need a Formula to calculate Average Daily Balance and Interest

  1. #1
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    Need a Formula to calculate Average Daily Balance and Interest

    I'm hoping someone can provide me with a formula that will calculate a daily interest amount with a changing daily balance? The goal is to get rid of the daily tracking spreadsheet for each loan so I can keep several loans on one spreadsheet. I put together a simple spreadsheet that shows what I'm trying to accomplish.
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  2. #2
    Forum Moderator AliGW's Avatar
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    Re: Need a Formula to calculate Average Daily Balance and Interest

    This is a duplicate thread and will be closed.

    Continue in the original thread here: https://www.excelforum.com/excel-pro...ven-month.html
    Ali


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