Scribd
Upload
24 views6 pages

Calculate Compound Interest For Recurring Deposit

Uploaded by

tradingviewstockscreener
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
24 views6 pages

Calculate Compound Interest For Recurring Deposit

Uploaded by

tradingviewstockscreener
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 6

Calculate compound interest for recurring deposit in Excel

Method 1: Using FV Function

Input values Outputs


q
Recurring Deposit (RD): $ 5,000.00

Payment Frequency: Monthly 12

Number of Years: 10 120

Annual Percentage Rate (APR): 6.000%


Interest Compounded: Yearly 1
Present value: 0

Payment type:
(Beginning of the Period = 0 1
End of the Period = 1)

Effective Annualized Rate: 6.000%


Rate for Monthly Compounding: 5.841%
Rate: 0.487%

Maturity
$816,321.45
Value:

Method 2: Direct Method

Recurring
Paymnet No. Rate
Deposit
1 5000 0.0049
2 5000 0.0049
3 5000 0.0049
4 $ 5,000.00 0.0049
5 $ 5,000.00 0.0049
6 $ 5,000.00 0.0049
7 $ 5,000.00 0.0049
8 $ 5,000.00 0.0049
9 $ 5,000.00 0.0049
10 $ 5,000.00 0.0049
11 $ 5,000.00 0.0049
12 $ 5,000.00 0.0049
13 $ 5,000.00 0.0049
14 $ 5,000.00 0.0049
15 $ 5,000.00 0.0049
16 $ 5,000.00 0.0049
17 $ 5,000.00 0.0049
18 $ 5,000.00 0.0049
19 $ 5,000.00 0.0049
20 $ 5,000.00 0.0049
21 $ 5,000.00 0.0049
22 $ 5,000.00 0.0049
23 $ 5,000.00 0.0049
24 $ 5,000.00 0.0049
25 $ 5,000.00 0.0049
26 $ 5,000.00 0.0049
27 $ 5,000.00 0.0049
28 $ 5,000.00 0.0049
29 $ 5,000.00 0.0049
30 $ 5,000.00 0.0049
31 $ 5,000.00 0.0049
32 $ 5,000.00 0.0049
33 $ 5,000.00 0.0049
34 $ 5,000.00 0.0049
35 $ 5,000.00 0.0049
36 $ 5,000.00 0.0049
g deposit in Excel

Note

<< pmt
<< npery (number of periods per year)
=VLOOKUP(C7,periodic_table,3,0)
<< nper (total number of payments)
=npery x number of years
<< nominal_rate
=VLOOKUP(C10,periodic_table,3,0)
<< pv

<< type

=EFFECT(nominal_rate,D10)
=NOMINAL(D13,npery)
<< rate

=FV(rate,nper,-pmt,pv,type)

Beginning Balance Interest Ending Balance


(Start of the Month) (End of the Month) (End of the Month)
5,000.00 24.34 5,024.34
10,024.34 48.79 10,073.13
15,073.13 73.37 15,146.50
20,146.50 98.06 20,244.57
25,244.57 122.88 25,367.44
30,367.44 147.82 30,515.26
35,515.26 172.87 35,688.13
40,688.13 198.05 40,886.18
45,886.18 223.35 46,109.54
51,109.54 248.78 51,358.31
56,358.31 274.33 56,632.64
61,632.64 300.00 61,932.64
66,932.64 325.80 67,258.44
72,258.44 351.72 72,610.16
77,610.16 377.77 77,987.93
82,987.93 403.95 83,391.88
88,391.88 430.25 88,822.13
93,822.13 456.68 94,278.82
99,278.82 483.24 99,762.06
104,762.06 509.93 105,272.00
110,272.00 536.75 110,808.75
115,808.75 563.70 116,372.46
121,372.46 590.79 121,963.24
126,963.24 618.00 127,581.24
132,581.24 645.35 133,226.59
138,226.59 672.82 138,899.41
143,899.41 700.44 144,599.85
149,599.85 728.18 150,328.04
155,328.04 756.07 156,084.10
161,084.10 784.09 161,868.19
166,868.19 812.24 167,680.43
172,680.43 840.53 173,520.96
178,520.96 868.96 179,389.92
184,389.92 897.53 185,287.44
190,287.44 926.23 191,213.68
196,213.68 955.08 197,168.76
4250

276000
Deposit $ 100.00
Rate per period 1.50%

Beginning Balance Interest Ending Balance


Quarter Rate
(Start of the Month) (End of the Month) (End of the Month)
1 1.50% 100.00 1.50 101.50
2 1.50% 101.50 1.52 103.02
3 1.50% 103.02 1.55 104.57
4 1.50% 104.57 1.57 106.14

Effective Rate 6.14%


=(E9-B2)/B2

Effective Rate 6.14%


=EFFECT(6%,4)

6.00%

You might also like