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how to calculate compound interest using excel. For the fifth year the compound interest is 84375 8437505 84375 421875 1265625. To get the total number of payment periods we multiply it by 12.
Calculate Compound Interest In Excel Compound Interest Personal Finance Lessons Excel from www.pinterest.com
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. Initial investment 1 annual interest ratecompounding periods per year years compounding periods per year. The interest rate and.
Gross figure x 1 interest rate per period.
For the formula for compound interest just algebraically rearrange the formula for CAGR. Supposing there is 1000 initial principal in your account with 8 interest rate per year and you want to calculate the total interest in ten years later. If you are investing 1000 with a 15 interest rate compounded annually below is how you would calculate the value of your investment after one year. For the fifth year the compound interest is 84375 8437505 84375 421875 1265625.
