[GNC] Calculating interest rates
steve at nexusuk.org
Mon Sep 13 10:46:40 EDT 2021
Despite much Googling I haven't been able to find anything explaining
how to calculate this...
- The balance of a savings account at the start of the year;
- The amounts and dates of payments into the account; and
- The amount of interest paid at the end of the year.
I want to calculate the percent of interest received, assuming that the
account compounds daily.
If there were no payments into the account it would be easy
(interest_amount/start_balance=interest_percent), but I can't figure out
how to take account of irregular payments into the account throughout
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