software

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?--
JR573PUTT
------------------------------------------------------------------------
JR573PUTT's Profile: www.excelforum.com/member.php...oamp;userid=31587
View this thread: www.excelforum.com/showthread...hreadid=524970Your question has been answered one minute ago.
Even if the answer doesn't help you completely, please stay in the same thread, otherwise many people might spend efforts for
something already solved.

--
Kind regards,

Niek Otten

quot;JR573PUTTquot; gt; wrote in message
...
gt;
gt; I have the following spreadsheet:
gt;
gt; column a
gt; Year
gt; 2006
gt;
gt; column b
gt; Beginning balance
gt; 25000
gt;
gt; column c
gt; yearly contribution
gt; 10000
gt;
gt; column d
gt; Interest Rate
gt; 15%
gt;
gt; column e
gt; Interest Income
gt; ??
gt;
gt; column f
gt; Ending Balance
gt; Beg bal yr contr Int income
gt;
gt; Contributions would be made at the beginning of year. Interest rate is
gt; annual interest rate.
gt;
gt; WHAT IS THE FORMULA FOR THE INTEREST INCOME?
gt;
gt;
gt; --
gt; JR573PUTT
gt; ------------------------------------------------------------------------
gt; JR573PUTT's Profile: www.excelforum.com/member.php...oamp;userid=31587
gt; View this thread: www.excelforum.com/showthread...hreadid=524970
gt;

Not what I am looking for--
JR573PUTT
------------------------------------------------------------------------
JR573PUTT's Profile: www.excelforum.com/member.php...oamp;userid=31587
View this thread: www.excelforum.com/showthread...hreadid=524970