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I undestand the use of the FV formulas in Excel to calculate Future
Value of an investment. I am looking for a way to calculate and display the amounts of a CD on a monthly basis, sort of like an amortization schedule for a mortgage. Let's say the interest is paid monthly I would like to enter the Initial amount, interest rate, term, etc. and have a chart showing value each month. I can probably do it manually, for each month. I was wondering if there is a formula, or easier, way to do it. Thanks for your help. |
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