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Formula to calculate compound interest on increasing principal
Hi folks,
Would appreciate some help in locating a formula to calculate compound interest on an increasing principal. Many thanks |
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#2
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Formula to calculate compound interest on increasing principal
Moreden,
If you add to the principal at a constant rate, and the interest rate doesn't change, then simple use the FV function. Otherwise, you need to use a stepwise method, using a table of variable inputs to FV at every change in rate or principal addition. HTH, Bernie MS Excel MVP "Moreden" wrote in message ... Hi folks, Would appreciate some help in locating a formula to calculate compound interest on an increasing principal. Many thanks |
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