compound interest

  • Thread starter Thread starter by1612
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by1612

How can I calculate the future worth of a fixed amount of $, at a fixed
interest rate? For instance, $5/day at 3%. How much in ten years?.
Thanks

Steve Grimes
 
=FV(3%/365,3650,5)
Assumimg all 10 years have 365 days and compounded daily
 
Look in HELP index for FV and then look at all of the financial functions.
 

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