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Calculate cumulative interest

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    Calculate cumulative interest

    hi everyone. i need some help in calculating cumulative interest for a 1973 car. need to calculate the current price as at 2019. see attached example excel interest rate formula required.png
    Last edited by Pepe Le Mokko; 10-02-2019 at 02:56 AM. Reason: Thread title

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    Re: Calculate cumulative interest

    the 290 is interest for the 1st year only

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    Forum Expert Pepe Le Mokko's Avatar
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    Re: Calculate cumulative interest

    Administrative Note:

    Welcome to the forum.

    We would very much like to help you with your query, however the thread title does not really convey what your request is about.

    Please take a moment to amend your thread title. Make sure that the title properly explains your request. Your title should be explicit and not be generic (this includes function names used without an indication of what you are trying to achieve).

    Please see Forum Rule #1 about proper thread titles and adjust accordingly. To edit the thread title, open the original post to edit and then click on Go Advanced (bottom right) to access the area where you can edit your title.

    I did it for you this time. please read our forum rules

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    Re: Calculate cumulative interest

    i can calculate in horizontal format "shaded in yellow" but what am failing to get is a formula to use in the "current price 2019" column. Attachment 643609

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    Re: Calculate cumulative interest

    thank you for correcting my post

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    Forum Expert Pepe Le Mokko's Avatar
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    Re: Calculate cumulative interest

    Unfortunately the paperclip does not work.
    Tp post a sheet click on " Go advanced - Manage attachments" and follow the upload wizard

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    Forum Expert Roel Jongman's Avatar
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    Re: Calculate cumulative interest

    Try

    =C3*1.10^46

    This should give yuo the value of the car based on compound interest calculation rules

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