what is compound formulae in microsoft excel
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Generic formula. =FV(rate,nper,pmt,pv) To calculate compound interest inExcel, you can use the FV function. This example assumes that $1000 is invested for 10 years at an annual interest rate of 5%, compounded monthly
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Generic formula. =FV(rate,nper,pmt,pv) To calculatecompound interest in Excel, you can use the FV function. This example assumes that $1000 is invested for 10 years at an annual interest rate of 5%, compounded monthly.
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