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compound interest rate formula in excel. Assume you put 10000 into a bank. Principal Amount 1Annual Interest Rate12 Total Years of Investment12 In above example with 10000 of principal amount and 10 interest for 5 years we will get 16453.
How To Calculate The Compound Interest With Excel S Fv Formula Microsoft Excel Excel Tutorials Excel Hacks from in.pinterest.com
This doesnt give you the compounded interest which generally gets lower as the amount you pay decreases. Type IPMT B2 1 B3 B1 into cell B4 and press Enter. I Interest Rate n Number of compounding period which could be daily annually semi-annually monthly or quarterly.
Principal Amount 1Annual Interest Rate12 Total Years of Investment12 In above example with 10000 of principal amount and 10 interest for 5 years we will get 16453.
How to calculate compound interest in Excel. To calculate the monthly compound interest in Excel you can use below formula. You can quickly calculate quarterly compound interest by using the built-in FV function in excel. Nper is the compounding periods per year multiplied by the number of years.
