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how do i calculate interest compounded daily in excel. F P 1 r 365 days. There is no special function for compound interest in Excel.
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Formula for Daily Compounding For daily compounding the value for n number of compound periods per year is typically 365 and you use total number of days in place of nt like this. In the example shown the formula in C10 is. Collect the necessary information.
All we did was multiplying 100 by 108 5 times.
This formula looks more. All we did was multiplying 100 by 108 5 times. For the formula for compound interest just algebraically rearrange the formula for CAGR. You need the beginning value interest rate and number of periods in years.
