Mabel has attended:
Excel Advanced course
Access Intermediate course
I need help in calculating compounding interest on monthly basis
The loan amount is
RE: I need help in calculating compounding interest on monthly b
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.
RE: I need help in calculating compounding interest on monthly b
Another way you could do this monthly is if cell A1 is the capital amount of