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I need a Formula, Please

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  1. #1
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    07-07-2005
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    I need a Formula, Please

    In the example below, I need a formula to accomplish this. As you can see: The "1" row is the titles.

    B2XC2=D2. Then B2+D2=E2. Then the E2 total is also B3 (the second day). I want to be able to change the number in B2 and have all the other numbers change accordingly. I would like to be able to populate the chart for XX number of days, probably at least a year. I also need to change the interest rate to 2.25% when the "E" column reaches $1000.00 and to 2.50% when the E column reaches $5000.00. HELP!!

    A________B__________C_____________D____________E
    Day_____Begin Bal___Int. Rate_______Int. Amt_______End Bal
    1_______$100.00______2%_________$2.00________$102.00
    2_______$102.00______2%_________$2.04________$104.04
    3_______$104.04______ 2%_________$2.08________$106.12
    4_______$106.12______ 2%_________$2.12________ $108.24
    5_______$108.24______ 2%_________$2.16________ $110.40
    6_______$110.40______ 2%_________$2.21________ $112.61
    7_______$112.61______ 2%_________$2.25________ $114.86
    8_______$114.86______ 2%_________$2.30________ $117.16
    9_______$117.16______ 2%_________$2.34________ $119.50
    10______$119.50______ 2%_________$2.39________ $121.89
    11______$121.89______ 2%_________$2.44________ $124.33
    12______$124.33______ 2%_________$2.49________ $126.82
    13______$126.82______ 2%_________$2.54________ $129.36
    14______$129.36______ 2%_________$2.59________ $131.95
    Last edited by easybucks; 07-09-2005 at 04:43 AM.

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