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I need help in calculating compounding interest on monthly basis

ResolvedVersion 2007

Mabel has attended:
Excel Advanced course
Access Intermediate course

I need help in calculating compounding interest on monthly basis

The loan amount is

Edited on Thu 18 Sep 2008, 12:40

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

Excel tip:

Edit and format multiple worksheets in one operation

To select two or more non-adjacent worksheets, click on the tab of each worksheet, while holding down the [CTRL] key.
To select two or more adjacent worksheets, click on the tab of the first worksheet and then on the tab of the last worksheet, while holding down the [SHIFT] key.
Enter or modify your data and apply the necessary formatting options to the sheet that's displayed

View all Excel hints and tips

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