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Default Excel Calculation Problem Formula etc

Hi everyone,
Hope you are well. Quite a novice when it comes to Excel.
Was I was hoping to do was this:

I always wanted to put aside $1 a day for my nephew so at 18 years of
age they could purchase a vehicle.
The idea was that with compound interest, that amount over 18 years
would grow significantly.
Like most things, where good intentions exist, one never gets around
to doing anything. (sidetracked, lazy, all the other excuses)

Well, a couple of years ago when I lost a parent and the grandparent
of this nephew, I thought, ok now I’d like to present them with a car
on their 18th on behalf of their grandparent they were close to.

I seriously digress. The point is this nephew is now 12+ and I have
some serious catching up to do if I wish to fulfil this intention.

So back to Excel, 18 years, $1 per day, compound interest included,
backdated to say 1996.

Any assistance in where to begin with all this would be greatly,
greatly appreciated
Kind Regards
Thanks in advance



 
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