sklittles10
New Member
I can not find anywhere on the internet a way to do a simple sigma summation in excel.
Not as complex as the equation above, but a simple multiplication:
50*n
$50 late fee that is assessed again in each subsequent month the monthly payment isn't not paid.
n=1 I = 50*1 =50
n=2 II = 50*2 =100
n=3 III = 50*3 =150
n=4 IIII = 50*4 =200
where n is 1 is 50. 50
where n is 2 is 150. 50+100
where n is 3 is 300. 50+100+150
where n is 4 is 500. 50+100+150+200
where n is 5 is 750. 50+100+150+200+250
Not as complex as the equation above, but a simple multiplication:
50*n
$50 late fee that is assessed again in each subsequent month the monthly payment isn't not paid.
n=1 I = 50*1 =50
n=2 II = 50*2 =100
n=3 III = 50*3 =150
n=4 IIII = 50*4 =200
where n is 1 is 50. 50
where n is 2 is 150. 50+100
where n is 3 is 300. 50+100+150
where n is 4 is 500. 50+100+150+200
where n is 5 is 750. 50+100+150+200+250