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formula for compound interest with annual contributions. Z Y The second part of that last line is just c times the sum of a geometric series. Compound Interest with Regular Contributions Formula.
Compound Interest And Apy Explained By Roy Herrod Data Driven Investor Medium from medium.com
A Monthly compound rate. A P 1rnnt P. The value of the investment after 10 years can be calculated as follows.
Z Y The second part of that last line is just c times the sum of a geometric series.
Initial investment 1 annual interest ratecompounding periods per year years compounding periods per year. To compute the compound interest in Excel for different time periods all you have to do is convert the formula above into a relatable formula in Excel. The CAGR of sales for the decade is 543. A PMT Mathpow 1r100n nt-1 r100n Assuming that deposits are made at the end of each period month year etc.
