compounding of a number in excel?
How do I do monthly compounding of a number? $100,000 @ 5% compounding
monthly for 5 years. Excel 2002 SP3 |
Assuming 5% per year equals 5/12 % per month
=100000*(1+5/1200)^60 "Wolsen" wrote in message ... How do I do monthly compounding of a number? $100,000 @ 5% compounding monthly for 5 years. Excel 2002 SP3 |
See also the FV function
-- Bernard Liengme www.stfx.ca/people/bliengme remove CAPS in email address "Wolsen" wrote in message ... How do I do monthly compounding of a number? $100,000 @ 5% compounding monthly for 5 years. Excel 2002 SP3 |
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