01-01-2009, 05:15 PM | #1 |
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Someone Check My Excel Sheet?
im trying to make a spread sheet for interest rates and savings. did i make this correct?
the spread sheet uses $200 month with 3.75%. enter $200 in jan invest column and see the calculations. after january is the forumla accurate at (200+B4)+(B4*0.0375)? the 200 is $200 monthly deposit followed by the addition of previous month added by the previous month's deposit's interest rate.
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01-01-2009, 05:42 PM | #2 |
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what is the difference between rate and apr which am i supposed to use for example http://www.gmacbank.com/todays-rates/mmrates.html
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01-01-2009, 05:44 PM | #3 |
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Isn't your rate 3.75% annually and not monthly? Otherwise, I want my savings in that bank of yours.
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