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Interest compounded on a 3 monthly basis

  1. #1
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    Interest compounded on a 3 monthly basis

    I have values that I need to apply interest to as below

    1 April 16 to 1 November 17 1.25%
    2 November 17 to 1 August 17 1.50%
    2 August 17 to 31 August 18 1.75%

    The problem I have is that it has to be compounded on a 3 monthly basis. Can anybody help with a formula/function to do this?

    Thanks

  2. #2
    Forum Expert tim201110's Avatar
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    Re: Interest compounded on a 3 monthly basis

    =sumproduct(lookup(row(index($a:$a,d2):index($a:$a,e2)),$a$2:$b$5)/(365+(mod(year(row(index($a:$a,d2):index($a:$a,e2))),4)=0)))
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  3. #3
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    Re: Interest compounded on a 3 monthly basis

    Thanks for your help, tim201110. Still playing with this and getting slightly different answers doing the calculation manually. Will keep trying.

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