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how to calculate compound interest on a loan in excel. Initial investment 1 annual interest ratecompounding periods per year years compounding periods per year. You need the beginning value interest rate and number of periods in years.
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To do this we set up CUMIPMT like this. Nper - the number of periods comes from cell C7. The formula for calculating your Interest value relies on the following information in the following format.
Step 2 We have the principal value or present value as 15000 and the annual interest rate is 5.
This formula looks more. Total LoanAnnual Interest RateNumber of Payments per Year. You can see the compounded interest by subtracting a periods worth of payment from the principal and then recalculating cell B4. You need the beginning value interest rate and number of periods in years.
