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how to calculate compound interest. The compound interest formula solves for the future value of the investment. R the interest rate decimal n the number of times that interest is compounded per period.
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Enter your initial investment. For example if you earn a 5 annual interest a deposit of 100 would gain you 5 after a year. A P 1 rnnt The compound interest formula solves for the future value of your investment A.
You need the beginning value interest rate and number of periods in years.
You deposit money and the bank pays you interest on your deposit. The compound interest formula is the way that such compound interest is determined. Step 1 We will initiate writing the FVSCHEDULE function into cell B6. Depending on the type of financial instrument youre managing compounding interest can either help you or hurt you.
