yerdoctors.blogg.se - Compound interest factors table

In very simple terms, compound interest is the interest earned on interest.

Compound interest formula for Excel (daily, monthly, weekly compounding).

How to calculate compound interest in Excel.

The aim of this article is to make it easy : ) You will also learn how to use a compound interest formula in Excel and create a universal compound interest calculator for your own worksheets.

Unless you are an accounting graduate, financial analyst or an experienced investor, it might be a bit difficult to grasp the concept from specialized financial books and manuals. You will also find the detailed steps to create your own E xcel compound interest calculator.Ĭompound interest is one of the basic building blocks in banking and one of the most powerful financial forces around that determine the outcome of your investments.

The tutorial explains the compound interest formula for Excel and provides examples of how to calculate the future value of the investment at annual, monthly or daily compounding interest rate.