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Paying off a debt 2007-04-26
From Ema:
How would you enter a formula in Excel for the following:

payment is applied to principal balance, then 8% interest compounded daily, then .25% monthly penalty

Answered by Stephen La Rocque and Penny Nom.
Three debts 2005-02-03
From Kat:
If I have three debts and 49% percent of total debt is loaned at 9% intrest, 34% of the debt is at 21% intrest and 17% of the total debt is at 14% intrest, how do I calculate the average rate of intrest on total debt?
Answered by Penny Nom.



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