BookmarkSubscribeRSS Feed
SASUser0001
Fluorite | Level 6

hi I am looking to calculate interest for 6 months. where interest is compounded monthly. I have try to use do loop something like this but it doesnt calculate for 6 months. it only give me interest for first month. help please. 

 

do i = 1 to 6;

balance=total_balance;

interest+(((balance*rate)/100)/365)*30;

bal_1=balance+Interest;

end;

1 REPLY 1
Reeza
Super User

You probably want to add an OUTPUT statement to your loop.

 

https://documentation.sas.com/?docsetId=lestmtsref&docsetTarget=n1lltvbis7ye1an1eryo4leh2mck.htm&doc...

 

do i = 1 to 6;
balance=total_balance;
interest+(((balance*rate)/100)/365)*30;
bal_1=balance+Interest;
output;
end;

If you want multiple variables with the different months you may want an array instead.

 

Here's a tutorial on using Arrays in SAS
https://stats.idre.ucla.edu/sas/seminars/sas-arrays/

 


@SASUser0001 wrote:

hi I am looking to calculate interest for 6 months. where interest is compounded monthly. I have try to use do loop something like this but it doesnt calculate for 6 months. it only give me interest for first month. help please. 

 

do i = 1 to 6;

balance=total_balance;

interest+(((balance*rate)/100)/365)*30;

bal_1=balance+Interest;

end;


 

hackathon24-white-horiz.png

The 2025 SAS Hackathon Kicks Off on June 11!

Watch the live Hackathon Kickoff to get all the essential information about the SAS Hackathon—including how to join, how to participate, and expert tips for success.

YouTube LinkedIn

What is Bayesian Analysis?

Learn the difference between classical and Bayesian statistical approaches and see a few PROC examples to perform Bayesian analysis in this video.

Find more tutorials on the SAS Users YouTube channel.

SAS Training: Just a Click Away

 Ready to level-up your skills? Choose your own adventure.

Browse our catalog!

Discussion stats
  • 1 reply
  • 957 views
  • 0 likes
  • 2 in conversation