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What is the formula for quarterly compounded interest in M S Excel?
Wiki User
∙ 11y ago
Although Microsoft excel does not include a function for determining compound interest , you can use following formula for this calculation.
=PV*(1+r)^N
Where PV = Present Value
r = Interest Rate
N = No of investment period.
E.g
1000 is deposit amount at 10% interest for 5 years, then formula is
=1000*(1+0.10)^5
The answer will be 1,610.51
Wiki User
∙ 11y ago
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