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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
What else can I help you with?
What is the formula for daily compounded interest in MS Excel?
what is the names of a prism
What is an expression in excel?
In Excel an expression is a simple formula and would not have complex parts or complicated functions in it.In Excel an expression is a simple formula and would not have complex parts or complicated functions in it.In Excel an expression is a simple formula and would not have complex parts or complicated functions in it.In Excel an expression is a simple formula and would not have complex parts or complicated functions in it.In Excel an expression is a simple formula and would not have complex parts or complicated functions in it.In Excel an expression is a simple formula and would not have complex parts or complicated functions in it.In Excel an expression is a simple formula and would not have complex parts or complicated functions in it.In Excel an expression is a simple formula and would not have complex parts or complicated functions in it.In Excel an expression is a simple formula and would not have complex parts or complicated functions in it.In Excel an expression is a simple formula and would not have complex parts or complicated functions in it.In Excel an expression is a simple formula and would not have complex parts or complicated functions in it.
'How do you do formulas on Excel and continue to work with answer as a numerical value and not a formula '?
'How do you do formulas on excel and continue to work with answer as a numerical value and not a formula '
What is the Excel formula to show exponents?
There are two ways to express exponents in Excel.=6^3=POWER(6,3)
What is it called where excel displays data as you enter it?
formula bar
What is the formula for daily compounded interest in MS Excel?
what is the names of a prism
What is the formula for PVIFA in Excel?
The PVIFA formula in excel refers to Present Value Interest Factor of Annuity. This is able to be calculated in an excel document.
Calculate yearly interest on investments with deposits in Excel?
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 is the mortgage constant formula in Excel?
The mortgage constant formula in Excel is PMT(rate, nper, pv) / pv, where rate is the interest rate, nper is the number of periods, and pv is the present value of the loan.
What is the credit card payoff formula in Excel?
The credit card payoff formula in Excel is: PMT(rate, nper, -balance). This formula calculates the monthly payment needed to pay off a credit card balance in a certain number of months at a given interest rate.
What do you have to put in a cell to denote an equation in Excel?
In Excel an equation can be a formula. All formulas in Excel must start with the equals sign. That is what tells Excel it is a formula.
How can I use the 30 360 interest calculator in Excel to calculate interest payments accurately?
To use the 30/360 interest calculator in Excel accurately, input the necessary information such as the principal amount, interest rate, and number of days. Then use the formula "IPMT(rate, period, periods, present value)" to calculate the interest payment for a specific period. Make sure to adjust the settings in Excel to use the 30/360 day count convention for accurate results.
Where is the formula error button in Excel 2007?
There is no formula error button in Excel. However, there is an Error Checking button on the Formulas ribbon in the Formula Auditing section in Excel 2007.
What is replicating a formula in Excel?
Replicating means copying. So replicating a formula in Excel is copying a formula. This is a very common activity that is done in Excel. You create one formula and then use it in other places on the worksheet.
What is the loan constant formula in Excel and how can it be used to calculate loan payments?
The loan constant formula in Excel is PMT(rate, nper, pv). This formula can be used to calculate loan payments by inputting the interest rate (rate), the number of payment periods (nper), and the loan amount (pv). Excel will then calculate the fixed payment amount needed to pay off the loan over the specified period.
What is a rule in excel?
it is a formula
Where Excel displays the formula that is in a cell IS WHAT?
The formula bar.
