Formula to calculate compound interest on increasing principal

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Hi folks,
Would appreciate some help in locating a formula to calculate compound 
interest on an increasing principal.
Many thanks
0
Reply Utf 5/18/2010 11:05:01 AM

Moreden,

If you add to the principal at a constant rate, and the interest rate 
doesn't change, then simple use the FV function.  Otherwise, you need to use 
a stepwise method, using a table of variable inputs to FV at every change in 
rate or principal addition.

HTH,
Bernie
MS Excel MVP


"Moreden" <Moreden@discussions.microsoft.com> wrote in message 
news:CD76B389-8667-496D-B5F4-10B557CBF336@microsoft.com...
> Hi folks,
> Would appreciate some help in locating a formula to calculate compound
> interest on an increasing principal.
> Many thanks 


0
Reply Bernie 5/18/2010 1:33:54 PM


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