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MS Office Forum / Excel / General Excel Questions / December 2007

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Amortization schedule and missed payments

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Geo - 24 Dec 2007 23:40 GMT
How can I add daily interest to my schedule, rather than only monthly.  The
purpose is to add daily interest to late payments.
Fred Smith - 25 Dec 2007 01:05 GMT
Your interest calculation would be: Balance * # days * int rate / 365

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Regards,
Fred

> How can I add daily interest to my schedule, rather than only monthly.  The
> purpose is to add daily interest to late payments.
 
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