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Calculate, in cell D20, the interest amount for period 1 by multiplying the balance in period 0 (cell F19) by the loan interest rate (cell C13) divided by 12. Dividing the interest rate by 12 results in the monthly interest rate. This formula is reusable. The interest for a given period is always the monthly interest rate times the balance from the previous period. [3 points]
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I have a problem regarding to The Interest Rate Function in Excel
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hi, I need help with a formula to calculate interest btw 2 periods with an annual interest rate and semi-annual compounding?
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Someone took a loan for 7 months. The accrued interest was 122,2 and the interest rate 4,87 % (p.a.). What was the original loan capital?
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I have a problem regarding to Calculate interest rate for loan
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