In the previous post, we learnt 'What if I had invested calculations in Excel'. In this post, we shall learn how to calculate compound interest in MS Excel.
Excel doesn't have an inbuilt function to calculate compound interest. So we will do some manipulations to calculate compound interest.
In below example, we have '=B2*(1+B3)^B4' formula in B5 cell.
To calculate the compounded maturity amount monthly, we need '=C2*(1+(C3/12))^(C4*12)' formula, where
(as 12 months in a year) and the result is below.
If you see both maturity amounts, there is slight difference because of yearly and montly calculation of compound interest.Views: 1398 | Post Order: 35