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Focal Point    Focal Point Forums  Hop To Forum Categories  WebFOCUS/FOCUS Forum on Focal Point     Compound Interest Caculation

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moyer1dl
Platinum Member
posted
Is there any funtions for computing Compound Interest in Web Focus 7.1.1


Dan


IBM Main Frame: MVS, FIX, VSAM

Windows SQL

WF 7.7
 
Posts: 147 | Registered: June 24, 2006Report This Post
Leah
Virtuoso
posted Hide Post
compound interest;;;
Not that I'm aware of, but you could do a compute by converting the compound interest formula to an equation in WebFOCUS.


Leah
 
Posts: 1317 | Location: Council Bluffs, IA | Registered: May 24, 2004Report This Post
Kerry
Expert
posted Hide Post
Hi Dan,

Just checked with our internal people and I was told that we don't have a user function for Compound Interest. Many thanks for Leah's input on this one.

You may code the calculation for compound interest just like any other calculation and do it in a define or a compute. Can you please provide the formula for compound interest? Then we can start working from there. Smiler

Hope this helps.

Cheers,

Kerry


Kerry Zhan
Focal Point Moderator
Information Builders, Inc.
 
Posts: 1948 | Location: New York | Registered: November 16, 2004Report This Post
susannah
Expert
posted Hide Post
dan, pretty easy
use ** for exponentiation
1.05**6 would give you the result after 6 years of a 5% apr.
and should you need to back out an annual rate , use **(1/n) which will give you the nth root. There is a SQRT function, but i can't see every using it, when **(1/n) works with n=2
-s.
needless to add, you aren't restricted to integers, of course.

This message has been edited. Last edited by: susannah,



In Focus since 1979///7706m/5 ;wintel 2008/64;OAM security; Oracle db, ///MRE/BID
 
Posts: 3811 | Location: Manhattan | Registered: October 28, 2003Report This Post
moyer1dl
Platinum Member
posted Hide Post
Thanks All I thing some of this info will help

Dan


IBM Main Frame: MVS, FIX, VSAM

Windows SQL

WF 7.7
 
Posts: 147 | Registered: June 24, 2006Report This Post
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