Perplexed over Spreadsheets

[Jedicris]

Hi.

 

I'm a little perplexed over a couple of the spreadsheets on here.

 

I've just used the Redress Calculation Under FOS Rules one and it produced the following figures:

 

Monthly Cost of PPI £1018.65

Compound Interest £191.40

8% Simple Interest £123.27

Total £1333.32

 

I have put the same figures into the Compound Interest Calculator one and it produced the following figures:

 

Total of Charges (Amount of PPI) £1020.14

Compound Interest £5193.68

Total £6213.82

 

Has anybody got any idea as to why the difference in the Compound Interest is so much.

 

Many thanks for any ideas.

 

Jedicris.

[dx100uk]

might be better to stick to the thread this relates too jed

 

dx

[Jedicris]

Yeah, I don't want to upset anybody but which one do I use in my claim?

 

Jedicris.

[dx100uk]

WHAT CLAIM the barclay one?

 

dx

[Jedicris]

Yeah, Barclaycard one first, then the Egg, then the Halifax then on to loan ones plus anybody else I can find.

 

I'm trying to do all the prep work and get everything put together and want to make sure that I have covered everything and that figures are realistic and viable.

I do like to double check everything before commiting myself. (Lessons learned the hard way).

 

I am pretty good with spreadsheets in a generalised way but this is just outside my area of expertise.

 

Jedicris

[ims21]

Have you read the notes in the PPI sticky where the spreadsheets are stored?

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?330996-Latest-Spreadsheets-PPI-Claims-and-Charges-Claims-Dec-2011

 

ims