To do the same the steps are. Using the compound interest formula calculate principal plus interest or principal or rate or time. How to Calculate Compound Interest Using the Future Value FV Formula Excel.
Click on the Formulas tab then the Financial tab.
I needed to figure out future value at 5 years with daily compounded interest. To use the compound interest formula you will need figures for principal amount annual interest rate time factor and the number of compound periods. Types of Future Value Future Value Using Simple Annual Interest The. An example of the future value with continuous compounding formula is an individual would like to calculate the balance of her account after 4 years which earns 4 per year continuously compounded if she currently has a balance of 3000.