What is the equation used in calculating interest compounded for a value representing years?
T thanatologist Mar 24, 2005 #1 What is the equation used in calculating interest compounded for a value representing years?
K KemS Mar 24, 2005 #2 Not sure this is exactly what you are seeking. This is the formula for compound annual growth rate. =(EndValue/StartValue)^(1/3)-1 KS
Not sure this is exactly what you are seeking. This is the formula for compound annual growth rate. =(EndValue/StartValue)^(1/3)-1 KS
F Fred Smith Mar 25, 2005 #3 Most people would use the FV function to calculate the future value of the amount. If you want just the interest, then subtract the present value from this result.
Most people would use the FV function to calculate the future value of the amount. If you want just the interest, then subtract the present value from this result.
