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Hokies1215

Joined: 11/08/2004 Posts: 894
Likes: 25

What's this?

Simple interest is only interest on the principal...


But yeah, in real life I'd want compounding 100 times out of a 100. What I'm looking at is a run the numbers as simple, run again as compound to show off the strength in compounding interest. I'm pretty confident that my calculation from my first post works, but was hoping Excel had an easier way.

(In response to this post by Late 80s Hokie)

Posted: 06/30/2017 at 09:13AM


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Current Thread:
 
  Excel Gurus.... -- Hokies1215 06/30/2017 08:21AM
  Re: Excel Gurus.... -- Nelsonia Hokie 06/30/2017 09:54AM
  This is the best I've got, definitely easier to type in -- jmanatVT 06/30/2017 11:20AM
  Are you familiar with "Functions"? You could go to the financial function -- Late 80s Hokie 06/30/2017 08:52AM
  Yeah but FV seems to be compound interest not simple ** -- Hokies1215 06/30/2017 08:54AM
  Yes, but if you're getting interest on the interest, then isn't -- Late 80s Hokie 06/30/2017 09:09AM
  Simple interest is only interest on the principal... -- Hokies1215 06/30/2017 09:13AM

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