0
To calculate yearly interest on investments with deposits in Excel, use the Compound Interest Formula:
=P * (1 + r/n)^(n*t)
Where:
P is the principal amount (initial investment),
r is the annual interest rate (as a decimal),
n is the number of times interest is compounded per year,
t is the number of years.
If the investment has regular deposits, you can also use the Future Value of a Series formula:
=FV(rate, nper, pmt, [pv], [type])
Where:
rate is the interest rate per period,
nper is the number of periods,
pmt is the payment (deposit) made each period.
What else can I help you with?
You deposit 400 in a bank that provides 5 compound interest yearly and you make no additional deposits. At the end of five years your balance is?
$510.51 ;)
If you deposit 400 in a bank that provides 5 compound interest yearly and you make no additional deposits at the end of five years your balance is?
$510.51 ;)
What is the yearly interest payment on a 32500 loan having an interest rate of 7 percent calculate as simple interest?
32500 is 325 "hundreds" so 7 times that ie 2275 is your annual interest.
How to convert a yearly interest rate to a monthly interest rate?
To convert a yearly interest rate to a monthly interest rate, divide the yearly rate by 12. This will give you the equivalent monthly interest rate.
How much money do you earn yearly?
Yearly you earn an annual salary, or a yearly wage. The term can differ from place to place as well as the situation. Your yearly earnings differs on your job and/or investments.
What are the many meanings for the abbreviation MYY?
The acronym MYY is usually defined as minimum yearly yield. This is a business term which may also be referred as average annual yield. The minimum yearly yield is the result of all the interest, dividends, or other income divided by the average of the investments for the year.
900 in savings account that earns 4 percent interest after two years how much is in the account if no deposits or withdrawals have been made?
It depends on the compounding frequency of the rate of interest earned on your bank account. Some banks compound the interest yearly and some do it quarterly. If the interest is compounded every year you will have 973.44 at the end of 2 years.
What is a yearly payment of simple interest?
It is the capital multiplied by the interest rate (in %) divided by 100.
The yearly interest on 3000 is 170 What is this as a percentage?
5.67%
Do you receive interest on your account monthly or yearly?
Interest on your account is typically received either monthly or yearly, depending on the specific terms of your account agreement with the financial institution.
What is the yearly interest on 9 billion dollars?
It depends on where you deposit. Usually Fixed Deposits or CD's carry an interest of around 3-4%. So at 4% interest you should get nearly 360 million dollars every year. Also this interest rate varies from bank to bank. Interest per year = p * n * r / 100 P - amount you deposit N - number of years R - rate of interest
What is the current yearly interest rate for a month for the rate of 0.6?
The current yearly rate comes out to be 7.2 percent.
