Excel Compound Interest Calculator Math

Suppose we have the following information to calculate compound interest in a table excel format systematically. Formula for compounding yearly monthly weekly. A box will pop up with five values you ll need to fill in.

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This is the interest rate or rate of return.

Excel compound interest calculator math. In the example shown the formula in c10 is. Go down the list to fv and click on it. Initial investment 1 annual interest rate compounding periods per year years compounding periods per year. How to calculate compound interest using the future value fv formula excel.

The answer is 18 167. The compound interest formula reduces to 10000 1 0 04 4 4 15 10000 1 01 60. Compound interest is the product of the initial principal amount by one plus the annual interest rate raised to the number of compounded periods minus one. Nper the total number of compounding periods.

F the future accumulated value. So the initial amount of the loan is then subtracted from the resulting value. Compound interest formula p 1 i n p. P the principal starting amount.

Rate the interest rate per compounding period. Here s what those five boxes mean. Step 2 we have the principal value or present value as 15000 and the annual interest rate is 5. If the interest on your investment is paid monthly while being quoted as an annual interest rate the excel compound interest formula becomes.

This example assumes that 1000 is invested for 10 years at an annual interest rate of 5 compounded monthly. Fv c6 c8 c7 c8 0 c5. Assume you put 10 000 into a bank. Click on the formulas tab then the financial tab.

The interest rate and number. Calculate compound interest by function in excel in addition to the formula you also can use function to calculate the compound interest. How much will your investment be worth after 15 years at an annual interest rate of 4 compounded quarterly. Supposing there is 1000 initial principal in your account with 8 interest rate per year and you want to calculate the total interest in ten years later.

For the formula for compound interest just algebraically rearrange the formula for cagr. You need the beginning value interest rate and number of periods in years. The compound interest can be calculated such as. The basic compound interest formula for calculating a future value is f p 1 rate nper where.

The formula now becomes. To calculate compound interest in excel you can use the fv function. 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. Step 1 we need to name cell e3 as rate by selecting the cell and changing the name using name box.