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how to calculate compound interest loan. Step 1 We will initiate writing the FVSCHEDULE function into cell B6. For example if you have an auto loan that compounds interest daily and carries an annual rate of 146 percent divide 0146 by 365 to find a daily rate of 00004.
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A the future value of the investmentloan including interest P the principal investment amount the initial deposit or loan amount r the annual interest rate decimal n the number of times that interest is compounded per unit t t the time the money is invested or borrowed for. Interest can be calculated for loans. Compound interest is interest that is earned not only on initial principal but also on accumulated interest from previous periods.
FVSCHEDULE formula returns the future value of an initial principal after applying a series of compound interest rates.
A is the future value of investmentloan including interest earned P is the the principal investment or loan amount. You deposit money and the bank pays you interest on your deposit. How to Calculate Compound Interest Payments Method 1of 4. For example if you have an auto loan that compounds interest daily and carries an annual rate of 146 percent divide 0146 by 365 to find a daily rate of 00004.
