M
Michael S. Montoya
I need to calculate interest (late charges) similar to the way credit cards
do. Payments are not fixed (in either payment amounts or payment dates),
and interest is compounded daily at a rate of 10%/year.
I have not been able to find a formula to do this as most of them talk about
annuities and fixed payments.
Can someone help me.
Micahael S. Montoya
do. Payments are not fixed (in either payment amounts or payment dates),
and interest is compounded daily at a rate of 10%/year.
I have not been able to find a formula to do this as most of them talk about
annuities and fixed payments.
Can someone help me.
Micahael S. Montoya