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changing interest rate in spreadsheet


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Can anyone help please? Am using the simple Excel credit card spready in the library and trying to change the 8% bit to calculate 24.9% but it keeps calculating 8%! Do I, or how do I change the formula to calculate the 24.9% - probably a very simple answer but I am a simple person!

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empowered, ...... as long as your brunette realisation moment was that 8% Statutory interest is calculated simple and contract rates like 24.9% are calculated compound so you can't just change the % - you need to use a different sheet (the "complex" one). Regards, Mad Nick

Abbey £8370 settled 17 Apr 07

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