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how to calculate compound interest earned in excel. The formula now becomes. RATE C212 C3C4 Please note that C2 contains the number of years.
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Step 2 We have the principal value or present value as 15000 and the annual interest rate is 5. RATE C212 C3C4 Please note that C2 contains the number of years. The interest rate and number.
This example assumes that 1000 is invested for 10 years at an annual interest rate of 5 compounded monthly.
The formula now becomes. The formula for computing Compound Interests is. FV C6 C8 C7 C80 - C5. I Interest Rate.
