Increase with condition

  • Thread starter Thread starter Guest
  • Start date Start date
G

Guest

Want to increase Interest rate of 10% by 1% every year till it reaches 15%
and therafter it remains constant over a period of 10 years
 
=IF(A1+0.01*B1<=0.15,A1+0.01*B1,0.15)

where A1 contains the original Interest rate of 10%
B1 contains the actual number of years

Regards,
Stefi

„Nitin gupta†ezt írta:
 
You must log in or register to reply here.

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

Distribution of capital contribution 4
Future Value Function (FV) 2
Calculating Initial Payment - Excell 0
FVSCHEDULE 3
Show me your highest mileage HDD? 0
Starting payment when increase rate is known & total payment is kn 12
Calculating percentage growth rate from a cumulative figure 4
Financial Functions, in particular, the INTRATE function 5

Back
Top