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Let us understand the content of the templates in detail and how to use it.

Just enter a few data and the template will calculate the compound interest for a particular investment. Additionally, the template also provides a schedule of payments and accumulated interests in each period.Ĭlick here to download the Compound Interest Calculator Excel Template.Īdditionally, you can also download other financial analysis templates like NPV and XIRR Calculator, CAGR Calculator, ROCE Calculator, Income Tax Calculator FY 2018-19 and Loan Amortization Template from our website. To simplify the process, we have created a simple and easy Compound Interest Calculator Excel Template with predefined formulas. Compound Interest Calculator Excel Template Where: P = Principal Amount, i = interest rate, n = compounding periods.

Formula To Calculate Compound InterestĬompound Interest (A) = P For example, the amount of 10% compound interest compounded annually will be lower than 5% compound interest compounded semi-annually over the same time period. While calculating compound interest the compounding periods matter the most and have a significant difference. What is Compound Interest?Ĭompound interest is the method of calculating interest any given amount assuming that the interest earned each period is added to the principal. Hence, you receive not only interest on your principal amount but also the added interest each year. 8.5%/12 but gives me different amounts for principal and interest (ipmt i did the same for) as to what I know the monthly payment is when trying to calculate using a daily compound formula.In addition to that, the template also provides a complete schedule of payments and interests accumulating each payment period. Thanks for replying - is it therefore impossible to use the ppmt function in excel using a daily compound rate? The formula is PPMT(rate, per, nper, pv,, ) so for the rate I put in 8.5%/365. I've tried everything to create my own but I can create one for monthly compound but not for daily. I've calculated the monthly repayment but I can't find an excel formula that provides me with a breakdown of principal and interest on these monthly payments. I'm after an amortization schedule for loans that has a daily compound interest added with a monthly repayment.