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Simple interest rate formula excel


simple interest rate formula excel

Assume you put 100 into a bank.
All we did was multiplying 100.08, 5 times.
Which is akhri chattan by naseem hijazi pdf the same as: Note: there is no special function for compound interest in Excel.
How much will your investment be worth after 10 years at an annual interest rate of 5 compounded monthly?The answer is 146.93.So we can also directly calculate the value of the investment after 5 years.What's compound interest and what's the formula for compound interest.However, you can easily create a compound interest calculator to compare different rates and different durations.This example gives you the answers to these questions.Now this interest (8) will also earn interest (compound interest) next year.The answer is 116.64.How much will your investment be worth after two years at an annual interest rate of 8?Assume you put 10,000 into a bank.How much will your investment be worth after one year at an annual interest rate of 8?How much will your investment be worth after 15 years at an annual interest rate of 4 compounded quarterly?How much will your investment be worth after 5 years?The answer is 18,167.The answer is 16,470.Simply drag the formula down to cell.




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