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how to compound interest formula in excel. 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. We will initiate writing the FVSCHEDULE function into cell B6.
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The compound interest can be calculated such as. This formula must be prefaced with a sign in order to work. How much will your investment be worth after 5 years at an annual interest rate of 8.
This doesnt give you the compounded interest which generally gets lower as the amount you pay decreases.
To access FV function we can go to Insert Function which is beside the formula bar or type sign where we need to see the result. You can see the compounded interest by subtracting a periods worth of payment from the principal and then recalculating cell B4. Initial investment 1 annual interest ratecompounding periods per year years compounding periods per year. The interest rate and.
