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how do i calculate daily compound interest in excel. The formula now becomes. An easy and straightforward way to calculate the amount earned with an annual compound interest is using the formula to increase a number by percentage.
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So you can use below formula to calculate daily compound interest. FV PV1rn where FV is future value PV is present value r is the interest rate per period and n is the number of compounding periods. This doesnt give you the compounded interest which generally gets lower as the amount you pay decreases.
An easy and straightforward way to calculate the amount earned with an annual compound interest is using the formula to increase a number by percentage.
In the first day we get 10000 10365 which is 4 and in the second day 100004 10365 4 and same is for every day for 5 years. Collect the necessary information. F P 1 rate nper F - FV rate nper P F FV rate nper- P. In our example the formula is A2 1B2 where A2 is your initial deposit and B2 is the annual interest rate.
