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
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
the 290 is interest for the 1st year only
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I did it for you this time. please read our forum rules
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
thank you for correcting my post
Unfortunately the paperclip does not work.
Tp post a sheet click on " Go advanced - Manage attachments" and follow the upload wizard
Try
=C3*1.10^46
This should give yuo the value of the car based on compound interest calculation rules
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