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how do i calculate daily compound interest in excel. To reach the formula for compound interest you algebraically rearrange the formula for CAGR. You need the beginning value interest rate and number of periods in years.
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How to calculate compound interest in Excel 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. So you can use below formula to calculate daily compound interest. The Excel compound interest formula in cell B4 of the.
Initial investment 1 annual interest ratecompounding periods per year years compounding periods per year.
This doesnt give you the compounded interest which generally gets lower as the amount you pay decreases. The answer is 14693. In the first day we get 10000 10365 which is 4 and in the second day 100004 10365 4 and same is for every day for 5 years. All we did was multiplying 100 by 108 5 times.
