Calculate Compound Interest: Formula with examples and practice problems How the Formula Works
Now that we’ve looked at how to use the formula for calculations in Excel, let’s go through a step-by-step example to demonstrate how to make a manualcalculation using the formula… After 10 years, you will have earned $6,486.65 in interest for a total balance of $16,486.65. This may influence which products we review and write …