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how to compound interest in excel. The interest rate and. This formula is applicable if the investment is getting compounded annually means that we are reinvesting the money on an annual basis.
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Step 2. The function takes two arguments ie. Did you know you can use Excel to figure out how much something is going to cost or how much money youll get in the future assuming some fixed interest rate.
The interest rate and.
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. Compound interest formula using FV Function in Excel Future value function returns the future value of the present amount having interest rate over a period. 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. How much will your investment be worth after 5 years at an annual interest rate of 8.
