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how to compound interest daily in excel. There is no special function for compound interest in Excel. For the daily compound interest formula use 365 as the parameter for Number of compounding periods per year.
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In the example shown the formula in C10 is. Step 2. FV PV1rn where FV is future value PV is present value r is the interest rate per period and n is the number of compounding periods.
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Click Insert. In the example shown the formula in C10 is. The pace at which interest is compoundeddaily monthly or annuallydetermines how rapidly a balance grows. Generally when someone deposits money in the bank the bank pays interest to the investor in quarterly interest.
