ExcelBanter - Calculate Interest that compounds every 3 Years

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AdmiralAJ

Calculate Interest that compounds every 3 Years

I'm working on a trying to set up a formula for services where the cost increases 6% every 3 years over the next 15 years. The standard FV function doesn't seem to be the right formula because its based on annual compounding.

Anyone have a good formula for what I'm trying to achieve?

Thanks...AJ

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