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We show you how to calculate compound interest in Excel at different rate of interests, like semi-annually, quarterly, monthly, etc.
As an example of how this works, let's say you decide to deposit your $10,000 annual bonus into a 5-year certificate of deposit (CD). You leave that money in the CD for the full five years, and it ...
If your business deals with compound interest figures often, a macro program written in a language such as Visual Basic for Applications, used in Excel and other Microsoft Office programs, makes ...
To understand how to use a compound interest calculator, it’s helpful to know the formula behind it. The compound interest formula is: A = P × (1 + r/n)^ (nt) Where: A = the future value of the ...
Watch your money grow—or calculate how much money you will owe in total—with the MoneySense compound interest calculator. Here’s how it works.
Microsoft Excel has dozens of preset formulas for many types of mathematical calculations, but compounding interest isn't one of them. To calculate the future value of a single amount compounded ...
One of the easiest ways to calculate how compound interest will grow your funds is to estimate it using the Rule of 72. Divide 72 by the annual interest rate, or APY, offered.