Hello everyone,
I have problem with =100000*(0.08*(1+0.08)^3/(1+0.08)^3-1)
I am getting answer -92000 and should be 38803.3514
Please see attached photo for manual calculations.
I also attached sample sheet
Untitled.png
TIA
Miro
Hello everyone,
I have problem with =100000*(0.08*(1+0.08)^3/(1+0.08)^3-1)
I am getting answer -92000 and should be 38803.3514
Please see attached photo for manual calculations.
I also attached sample sheet
Untitled.png
TIA
Miro
You're missing a set of brackets, it should be
=D2*(D3*(1+D3)^3/((1+D3)^3-1))
The easies way to find these sorts of problems, is by using the "Evaluate Formula" facility found on the Formula tab.
Fair play missing brackets was a good hint.
Thank you!
You're welcome & thanks for the feedback
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