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#1
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Can Word's math functions calculate loans?
I've Googled the newsgroups and the knowledge base, and can't find anything
on this. Is it possible to set up a loan calculator with Word's limited math functions? Ed |
#2
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Can Word's math functions calculate loans?
Probably, but I wouldn't recommend it if you have any alternative.
If you really want it, post the calculations and I, or someone else, will see if they can be translated into Word. -- Enjoy, Tony "Ed" wrote in message ... I've Googled the newsgroups and the knowledge base, and can't find anything on this. Is it possible to set up a loan calculator with Word's limited math functions? Ed |
#3
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Can Word's math functions calculate loans?
Hi Ed,
To see how to do this and a wide range of other calculations in Word, check out my Word Field Maths 'tutorial', at: http://www.wopr.com/cgi-bin/w3t/show...?Number=365442 Cheers "Ed" wrote in message ... I've Googled the newsgroups and the knowledge base, and can't find anything on this. Is it possible to set up a loan calculator with Word's limited math functions? Ed |
#4
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Can Word's math functions calculate loans?
Hi Ed:
It "could", but it's not safe to use it like this. Word's math functions do not have sufficient precision to calculate amortisation accurately. Use Excel: it's made for the job. You can automatically insert the results Excel produces into your Word document. Cheers On 2/3/06 1:48 AM, in article , "Ed" wrote: I've Googled the newsgroups and the knowledge base, and can't find anything on this. Is it possible to set up a loan calculator with Word's limited math functions? Ed -- Please reply to the newsgroup to maintain the thread. Please do not email me unless I ask you to. John McGhie Microsoft MVP, Word and Word for Macintosh. Consultant Technical Writer Sydney, Australia +61 (0) 4 1209 1410 |
#5
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Can Word's math functions calculate loans?
Hi John,
I would have thought Word field results that are accurate to 13 decimal places would be sufficiently precise for most people... I do agree, though, that Excel is a better tool for the job. Cheers "John McGhie [MVP - Word and Word Macintosh]" wrote in message ... Hi Ed: It "could", but it's not safe to use it like this. Word's math functions do not have sufficient precision to calculate amortisation accurately. Use Excel: it's made for the job. You can automatically insert the results Excel produces into your Word document. Cheers On 2/3/06 1:48 AM, in article , "Ed" wrote: I've Googled the newsgroups and the knowledge base, and can't find anything on this. Is it possible to set up a loan calculator with Word's limited math functions? Ed -- Please reply to the newsgroup to maintain the thread. Please do not email me unless I ask you to. John McGhie Microsoft MVP, Word and Word for Macintosh. Consultant Technical Writer Sydney, Australia +61 (0) 4 1209 1410 |
#7
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Can Word's math functions calculate loans?
Hi John,
I was able to establish the limit when developing my Word Field Maths 'tutorial', at: http://www.wopr.com/cgi-bin/w3t/show...?Number=365442 by comparing the results returned for logarithm calculations to known values, I was able to establish Word's ability to return calculation results that were accurate to 13 decimal places. Since the method I used means the exponent is calculated separately from the mantissa, this is often better than other methods that might only be accurate to, say, 15 significant digits. Cheers "John McGhie [MVP - Word and Word Macintosh]" wrote in message ... Hi Macropod: I don't know where you got "13 decimal places" from (I was trying to find the limit myself when I answered the question...) I thought that internally they were 32-bit signed floats, which would yield a precision of nine "digits", not decimal places. That's a bit tight for loan calculations in dollars and percentages over 20 years. But, I couldn't immediately lay my hands on the definitive answer. Cheers On 17/3/06 11:40 PM, in article , "macropod" wrote: Hi John, I would have thought Word field results that are accurate to 13 decimal places would be sufficiently precise for most people... I do agree, though, that Excel is a better tool for the job. Cheers "John McGhie [MVP - Word and Word Macintosh]" wrote in message ... Hi Ed: It "could", but it's not safe to use it like this. Word's math functions do not have sufficient precision to calculate amortisation accurately. Use Excel: it's made for the job. You can automatically insert the results Excel produces into your Word document. Cheers On 2/3/06 1:48 AM, in article , "Ed" wrote: I've Googled the newsgroups and the knowledge base, and can't find anything on this. Is it possible to set up a loan calculator with Word's limited math functions? Ed -- Please reply to the newsgroup to maintain the thread. Please do not me unless I ask you to. John McGhie Microsoft MVP, Word and Word for Macintosh. Consultant Technical Writer Sydney, Australia +61 (0) 4 1209 1410 -- Please reply to the newsgroup to maintain the thread. Please do not email me unless I ask you to. John McGhie Microsoft MVP, Word and Word for Macintosh. Consultant Technical Writer Sydney, Australia +61 (0) 4 1209 1410 |
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