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how to compute for compound interest in excel. We will initiate writing the FVSCHEDULE function into cell B6. Gross figure x 1 interest rate per period.
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Compound Interest is a financial term which is when addition of interest to the principal sum of a loan or deposit. Click Insert. Calculate compound interest by Function in Excel 1.
For the formula for compound interest just algebraically rearrange the formula for CAGR.
Assume you put 10000 into a bank. Start by opening a document and labeling the top cell in columns A B and C Year Value and Interest Earned respectively. It can be handy to visualize compound interest by creating a simple model in Excel that shows the growth of your investment. The formula uses cell references to calculate the future value of 100 invested for 5 years with interest paid annually at rate of 4.
