Hi folks,
Would appreciate some help in locating a formula to calculate compound
interest on an increasing principal.
Many thanks
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Utf
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5/18/2010 11:05:01 AM |
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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
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Bernie
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5/18/2010 1:33:54 PM
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