The following screenshot shows how to use the compound interest formula in Google Sheets to calculate the ending value of this investment after 15 years: Suppose we invest $5,000 into an investment that compounds at 8% annually and is compounded on a daily basis (365 times per year). Example 3: Compound Interest Formula with Daily Compounding This investment will be worth $1,348.85 after 5 years. The following screenshot shows how to use the compound interest formula in Google Sheets to calculate the ending value of this investment after 5 years: Suppose we invest $1,000 into an investment that compounds at 6% annually and is compounded on a monthly basis (12 times per year). Note that Column F shows the formula we used in each corresponding cell in Column E:Įxample 2: Compound Interest Formula with Monthly Compounding The following screenshot shows how to calculate the ending investment after each year during the 10-year period. This investment will be worth $8,954.24 after 10 years. The following screenshot shows how to use the compound interest formula in Google Sheets to calculate the ending value of this investment after 10 years: Suppose we invest $5,000 into an investment that compounds at 6% annually. Example 1: Compound Interest Formula with Annual Compounding
The following examples show how to use this formula in Google Sheets to calculate the ending value of investments in different scenarios. n: Number of compounding periods per year.We can use the following compound interest formula to find the ending value of some investment after a certain amount of time:
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