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what is the formula for calculating compound interest monthly. If the interest on your investment is paid monthly while being quoted as an annual interest rate the Excel compound interest formula becomes. The second portion of the formula would be 112683 minus 1.
Calculate Compound Interest In Excel Compound Interest Personal Finance Lessons Excel from www.pinterest.com
00083 x 100 083. A P 1 rnnt The compound interest formula solves for the future value of your investment A. 200 2 1 year 4 2.
A P 1 rnnt Where.
A Monthly compound rate. This example assumes that 1000 is invested for 10 years at an annual interest rate of 5 compounded monthly. Below is the compound interest formula on how to calculate compound interest. Simple Interest Rate Principle Rate of Interest Time Period years 100.
