Financial formula to calculate interest income

J

JR573PUTT

I have the following spreadsheet:

column a
Year
2006

column b
Beginning balance
25000

column c
yearly contribution
10000

column d
Interest Rate
15%

column e
Interest Income
??

column f
Ending Balance
Beg bal + yr contr + Int income

Contributions would be made at the beginning of year. Interest rate is
annual interest rate.

WHAT IS THE FORMULA FOR THE INTEREST INCOME?
 
N

Niek Otten

Your question has been answered one minute ago.
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