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Hi All,
I have a working example of calculating interest in excel and would like to get to the same answer in QlikView.
EXCEL EXAMPLE:
Compound Interest Calculator
Initial investment = 2000
Annual Interest Rate = 8%
No. of compound periods = 365
Years = 5
Balance = 2 983.52
"Balance" is derived from : "=2000 * (1 + 0.08 /365) ^ (5 * 365)".
In QlikView I am trying "pow(2000 * (0.1 + (0.08 / 365)), (5 / 365))" but not getting the correct answer. I am obviously doing something wrong. The attached qvw shows example.
Thank you very much.
=2000*pow(1+0.08/365, 5*365)
With formatting:
=Num(2000*pow(1+0.08/365, 5*365),'##.00')
exp is seem ok. 1.07531...
the value it is givng? wrng/
=2000*pow(1+0.08/365, 5*365)
With formatting:
=Num(2000*pow(1+0.08/365, 5*365),'##.00')
Thank you.
I see the places I went wrong. Appreciate it.
John