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compound interest calc

surtur
in Calculation Engine (Define Fields)

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I need a compound interest calculation for 5% annual. None of the below standard included FM Financial calculation scripts seem to work for what I need, an increase of x% per year.

FV (payment, interest

Four fields: BaseAmount, Interest, Term, and EndResult

BaseAmount is the starting figure.

Interest is the interest rate -- let 'em put in the percentage, such as "5" for 5%.

Term is the number of years.

EndResult has the following calc:

BaseAmount * ((1+(Interest/100)) ^ Term)

That'll do it.

  • Author

Thanks Old Hand, that did it.

I am wanting to put a FM file on a Palm that will let me create records and do this kind of calculations, have you used FM mobile, if so do you recommend it, if not have you heard good/bad about it.

Thanks again!

I'm not that old!!!

Haven't worked w/ FM Mobile yet. I've taken a cursory look at it, and don't like what I see so far, but that's not a final judgment.

as far as i know, FM Mobile only holds data but does not calculate - so it's not of any use here. but I may be wrong. Anybody using FM Mobile?

Any financial calculator should have the interest calc function - and they are a lot cheaper than a palm.

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https://fmforums.com/topic/15025-compound-interest-calc/
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