Is it possible to create a compounding interest formula for years?
Hi forum
Am recent convert to numbers from Excel. Many built in formulas working fine. But,
can't find an answer to the subject question or workable formula.
Has anyone created a formula that reflects a long term stream of compounded interest? Or has it been established that this is beyond numbers capabilities?
Is numbers formula help just using a different term or expression that does the compounding?
Any help very much appreciated.
Mcthomas
Hi again Jerry and forum
The FV formula seems to works fine for what it intends but as I understand it is limited for my needs.
I can get the future value of an amount compounded at 6% over 20 years. I double checked the calculations using an online source.
I need to show a 20 year compounding buildup year by year. A further complication is that each new annual balance is less a tax calculation.
Have tried several variations using the FV function as the base but still no cigar.
Any questions or help appreciated.
Mcthomas
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