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formula for compound interest loan. Compound Interest P 1 r t P where. Summary To calculate a loan payment amount given an interest rate the loan term and the loan amount you can use the PMT function.
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Compound Interest P 1 r t P where. Finds the Future Value where. Formula For Compound Interest is represented as Compound Interest P 1 rntn 1.
The formula for calculating compound interest is.
In the example shown the formula in C10 is. T number of years for which investment is done 3 years. N Number of Periods. A 5000 1 010 1 13.
