Formula for daily compound interest The formula used for daily compound interest with a fixed daily interest rate is. Calculate Your Daily Interest for a Fixed Amount of Days. If you want to make deposits at the end of each day then please subtract the first deposit from the initial savings amount.
General Compound Interest Formula for Daily Weekly Monthly and Yearly Compounding A more efficient way of calculating compound interest in Excel is applying the general interest formula.
It is the outcome of reinvesting interest rather than paying it out so that interest in the next period is earned on the principal sum plus previously accumulated interest. FV PV 1rn where FV is future value PV is present value r is the interest rate per period and n is the number of compounding periods. Formula for daily compound interest The formula used for daily compound interest with a fixed daily interest rate is. Launch your preferred spreadsheet such as Microsoft Excel.