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How to calculate compounding interest on a monthly basis
Resolved · Urgent Priority · Version 2007
Mabel has attended:
Excel Advanced course
Access Intermediate course
How to calculate compounding interest on a monthly basis
i would appreciate a template to use in calculating compounding interest on a monthly basis
RE: how to calculate compounding interest on a monthly basis
Hi Mabel
Interestingly Excel does not have a built in function for compounding interest but there is a useful resource on their website that shows how you can get round this.
Please see the following link:
http://support.microsoft.com/kb/141695
Hope that helps.
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