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how to do a compound interest formula. FVSCHEDULE formula returns the future value of an initial principal after applying a series of compound interest rates. Learn the compound interest formula.
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To do the same the steps are. PV FV 1rn. The function takes two arguments ie principal and schedule.
Putting these variables into the compound interest formula would show.
Step 1 We will initiate writing the FVSCHEDULE function into cell B6. Compound interest total amount of principal and interest in future or future value less principal amount at present or present value P 1. The second portion of the formula would be 112683 minus 1. R Rate of interest.
