Daniel Jassy, CFA, is an Investopedia Academy instructor and the founder of SPYderCRusher Research. He contributes to Excel and Algorithmic Trading. Compound interest is interest that's calculated ...

Apart from calculating the compound interest on paper, if you know how to calculate it in Excel, it will be an added advantage to your professionalism.In the above formula, P stands for the ...

For example, you could create a simple line graph showing how $100 grows over ten years with compound interest compared to simple interest. This visual representation can help children see the ...

Continuing from the same Excel worksheet above, enter “Compound interest” into cell A6 and enter “=Compound_Interest(B1, B2, B3).” This gives you a value of $276.28, which is consistent ...