Compound interest is the method of calculating interest on an amount of money by adding interest that is earned each period to the principal amount of the next period. Hence, interest is earned on both the principal as well as the incremental interest amounts.
By using a Compound Interest Calculator for Excel, you just have to enter a few details and the template will use the Simple Compound Interest Formula in Excel and calculate results for you automatically.
Compound Interest Calculator Excel Template provides you with the convenience of getting your compound interest, schedule of payments, and cumulative interests all in one place.
Compound interest calculator excel sheet free download is available below, it consists of 3 sheets to store all your information in one place:
- Basic calculator
- Advanced calculator
- Cumulative interest and payment schedule.
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