Hi,
is there a build-in formula to calculate interests based on an annual interest rate but for a time period less then a year.
Like the formula
a1 = (P) principal
a2 = (r) interest rate
a3 = (t) time period ‘r’ paid for in days
n = (P * r/365) * t
Note: A predefined formula would make the sheet easier to read and to update.
Thanks