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how to calculate compound interest formula excel. Step 2 We have the principal value or present value as 15000 and the annual interest rate is 5. Beginning Value 1 interest rate NCPPY years NCPPY Future Value where.
BeginalignedtextBeginning Valuetimesleft1leftfractextinterest ratetextNCPPY. To calculate the monthly compound interest in Excel you can use below formula. To calculate compound interest in Excel you can use the FV function.
Microsoft Excel has inbuilt function names as FV or Future Value by which we can calculate the future value in terms of Compound Interest Applicable loan with interest monthly EMI with one formula.
Gross figure x 1 interest rate per period. Step 2 We have the principal value or present value as 15000 and the annual interest rate is 5. N is the number of investment periods for example 36 months 3 years etc. Initial investment 1 annual interest ratecompounding periods per year years compounding periods per year.