Isn't it just new_value = current_value times (1 + intrest_rate)?
Then save the new_value over the current_value and repeat as needed?
Todd Ashworth
----- Original Message -----
From: "Jason Egan" <[EMAIL PROTECTED]>
To: "CF-Talk" <[EMAIL PROTECTED]>
Sent: Thursday, December 14, 2000 6:07 PM
Subject: ot: compound interest
> does anyone know the formula for calculating compound interest? I need to
> figure the values of trucks on our site... it has been simple interest up
> until 3 days AFTER it went live... GRRR...
>
> Thanks!
> Jason
>
>
>
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Structure your ColdFusion code with Fusebox. Get the official book at
http://www.fusionauthority.com/bkinfo.cfm
Archives: http://www.mail-archive.com/cf-talk@houseoffusion.com/
Unsubscribe: http://www.houseoffusion.com/index.cfm?sidebar=lists
