Posted by Dave T on December 02, 1999 at 16:01:49:
Starting Balance + (Per Diem x number of days) = Ending Balance
For your example,
$3696.04 + (37.45 x 30 days) = $3696.04 + $1123.50 = $4819.54
Figuring Interest? - Posted by BRnBA
Posted by BRnBA on December 02, 1999 at 08:02:43:
$3,696.04 from 11/05/99 & accruing at rate of 37.45 Per Diem. Assume today is 12/05/99 for simplicity sake. Could someone please enlighten me so I can make sure I’m figuring this correctly?