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You can also use this formula to set up a compound interest calculator in Excel ®1 . A = P (1 + r/n)nt In the formula A = Accrued amount (principal + interest) P = Principal amount r = Annual nominal interest rate as a decimal R = Annual
Step 3: Interest Rate. Estimated Interest Rate. Your estimated annual interest rate. Interest rate variance range. Range of interest rates (above and below the rate set above) that you desire to
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You can use it to calculate the compound interest for an intra-year period. The syntax of the effect function is as follows: =P+ (P*EFFECT (EFFECT (R,N)*T,T)) Here, P is the
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Compound interest, or 'interest on interest', is calculated using the compound interest formula. The formula for compound interest is A = P (1 + r/n)^nt where P is the
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