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how to find compound interest rate formula in excel. The formula now becomes. To calculate the Compound Annual Growth Rate in Excel there is a basic formula End ValueStart Value 1Periods -1.
Excel Formula Calculate Compound Interest Exceljet Compound Interest Excel Formula Interest Calculator from www.pinterest.com
Ending Investment Start Amount 1 Interest Rate n Where n Number of years of investment. Gross figure x 1 interest rate per period. Step 1 We need to name cell E3 as Rate by selecting the cell and changing the name using Name Box.
One use of the RATE function is to calculate the periodic interest rate when the amount number of payment periods and payment amount are known.
If the interest on your investment is paid quarterly while being quoted as an annual interest rate the Excel compound interest formula becomes. The formula now becomes. 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. And we can easily apply this formula as following.
