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how to calculate compound interest in excel sheet. Calculate compound interest by Function in Excel In addition to the formula you also can use Function to calculate the compound interest. This example assumes that 1000 is invested for 10 years at an annual interest rate of 5 compounded monthly.
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Total LoanAnnual Interest RateNumber of Payments per Year. For the formula for compound interest just algebraically rearrange the formula for CAGR. The formula now becomes.
FV PV1rn where FV is future value PV is present value r is the interest rate per period and n is the number of compounding periods.
Principal Amount 1Annual Interest Rate12 Total Years of Investment12 In above example with 10000 of principal amount and 10 interest for 5 years we will get 16453. The formula for calculating your Interest value relies on the following information in the following format. To simplify the process we have created a simple and easy Compound Interest Calculator Excel Template with predefined formulas. Additionally the template also provides a schedule of payments and accumulated interests in each period.
