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October 07, 2004
Financial Functions 3 : Complex Accumulation
In this example, we consider a more complex accumulation - wherein we are making regular payments as well as earning interest on our initial investment.Here, we define names for the cells containing the main variables - so that the formulas are more readable.
The purpose of the month-by-month breakdown of the account also serves to confirm the accuracy of our original formula.
Posted by Dave at October 7, 2004 05:55 AM
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Posted by: op at February 1, 2005 01:29 AM