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how to use the continuous compound interest formula. Continuously Compounded Interest is a great thing when you are earning it. The Excel compound interest formula in cell B4 of the above spreadsheet on the right once again calculates the future value of 100 invested for 5 years with an annual interest rate of 4.
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V P 1rn nt Read on for a more detailed explanation of compound interest and learn how its related formula works. Continuously Compounded Interest is a great thing when you are earning it. Lets say you have 1 in the bank.
Consider the following example.
V P 1rn nt Read on for a more detailed explanation of compound interest and learn how its related formula works. Banks use daily compounding interest amount in some of their products. If it took 6 years for your initial amount compounded continuously at an interest rate of 4 and you ended up with 1144 then your initial principal was 9. When n or the number of times compounded is infinite the formula can be rewritten as.
