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Excel Masters?
I need to develop an Excel formula that will allow me to take an amount and be able to have it display how much something would double in a certain amount of time. For example, I take a penny, and see how it would double every day. So for the first day it would be 1 cent the next it would be 2 and the third day it would be 4 and so on and so forth for a set amount of time. If you know how I can do this, please post the formula. Thanks.
1 Answer
- AQuestionMarkLv 71 decade agoFavorite Answer
Say A1 has start date 01-Jun-08
B1 has end date 30-Jun-08
=TEXT(POWER( 2,DATEDIF( A1,B1,"D" ))/100, "$##,##0.00")
you can vary the start date and the end date, the example above gives you $5,368,709.12
