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AmtCompounded_cf ( principal ; rate ; iterations )

Calculates compounded amount from principal, interest and number of iterations.

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Steve Gerow - Show more from this author Abrazos Data Consulting http://www.abrazosdata.com

  Function definition: (Copy & paste into FileMaker's Edit Custom Function window)

/* AmtCompounded_cf ( principal ; rate ; iterations ) Thanks to Jeremiah Small for original direction.*/ Let ( raw = If ( iterations > 0 ; AmtCompounded_cf ( principal + ( principal * rate ) ; rate ; iterations - 1 ) ; principal ) ; Round ( raw ; 2 ) )//endLet Click to copy

Calculates compounded amount from principal, interest and number of iterations. Iterations may be days, months or years--supplied externally.

For interest only, subtract principal.

 

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