How do u do compounding interest in excel ?
How do u do compounding interest in excel ?
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Formula
=IPMT
This returns the interest payment for the a given period for an investment, based on periodic, constant payments and a contstant interest rate. Press F1for Excel help to take you through step by step.
Or
You can google in keywords compound interest payments and you might find the mathematical formula to enter in excel.
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You may need to be a bit more specific. Have you checked out the various standard financial formulae in Excel?Originally Posted by Daddywarbucks
If it's just the compounded value of an initial Payment (PMT) after (n) periods at (i) interest rate per period, just use the formula
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