Hi guys I am trying unsuccessfully to construct a formula that shows the following
monthly interest received over a calendar year
So I have $100 , interest rate 0.165% per epoch of 3.5 days and compounding into the starting $100 at the end of each 3.5 day epoch. There are 8.65 epochs per month.
I need to show the value for the epoch interest received plus the epoch cumulative value then the monthly result value of the 8.65 epochs as a month.
I guess that I will have to create 12 separate sheets each representing a month with the subsequent month referencing the previous months finishing value as the new start value.
I need to show this data running across the ROW so spanning around 18 columns probably.
Is anybody able to advise how I might construct what I need to achieve the above results?
Thanking you in anticipation