N is the number of periods over which the investment is made. In this case C2 contains the value 10180 so the Excel worksheet will calculate 10180 x 108 and will display 10917. A more efficient way of calculating compound interest in Excel is applying the general interest formula.
If you need to calculate the future value of an interest when compounding frequency is quarterly you can simply change the value in cell B6 to 4.
Microsoft Excel has inbuilt function names as FV or Future Value by which we can calculate the future value in terms of Compound Interest Applicable loan with interest monthly EMI with one formula. N is the number of periods over which the investment is made. All we did was multiplying 100 by 108 5 times. FV C6 C8 C7 C80 - C5.