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formula for compound interest quarterly in excel. The only modification is the rate of interest would be raised to n4 which is static since we are supposed to calculate interest quarterly. It is the outcome of reinvesting interest rather than paying it out so that interest in the next period is earned on the principal sum plus previously accumulated interest.
Compound Interest Anchor Chart Great For Teaching Exponential Functions Unit from www.pinterest.com
Fortunately calculating compound interest is as easy as opening up Excel or Google Sheets and using a simple function the Future Value Formula. FV rate nper pmt pv Rate is the rate of interest divided by the number of compounding periods per year. FVrate C5 C5 term0 - pv where pv G4 rate G5 and term G6 are named ranges.
The compound interest formula reduces to 10000 10044 415 10000 10160 7.
Here is the formula. The compound interest formula reduces to 10000 10044 415 10000 10160 7. The formula in D5 copied down is. The formula now becomes.
