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how to do daily compound interest in excel. Launch your preferred spreadsheet such as Microsoft Excel. In the first day we get 10000 10365 which is 4 and in the second day 100004 10365 4 and same is for every day for 5 years.
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General Compound Interest Formula for Daily Weekly Monthly and Yearly Compounding A more efficient way of calculating compound interest in Excel is applying the general interest formula. For example if your interest rate is three percent you would type 003 into B2. So if they compound it daily lets have a look what the result is now.
Step 1 We need to name cell E3 as Rate by selecting the cell and changing the name using Name Box.
FVC6 C8 C7 C80 - C5. 2000 1 00002191781825 298352. Enter the details. F P 1 r 365 days.
