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formula for compound interest with contributions. Compound interest is when a bank pays interest on both the principal the original amount of moneyand the interest an account has already earned. PV represents the present value of the.
Excel Investment Calculator Myexcelonline Excel For Beginners Excel Formula Microsoft Excel Tutorial from www.pinterest.com
A the future value of the investmentloan including interest P the principal investment amount the initial deposit or loan amount r the annual interest. Pz 2 c z z 2 Y. In our example the formula is A2 1B2 where A2 is your initial deposit and B2 is the annual interest rate.
Compound Interest in Excel Formula.
The formula for Compound Interest Calculator with Additional Deposits is a combination of. In the formula A represents the final amount in the account after t years compounded n times at interest rate r with starting. The P in the formula above stands for your principal thats the amount that you start with. After a year youve earned 100 in interest bringing your balance up to 2100.
