compound interest calculator in excel

That's because it has 2 tricks, the interest rate is changing each month and also because the problem is asking for the interest amount at the end of a specific period of which the last date is actually at the middle of a month, not at the end of it, meaning the last 15 days of the period is not eligible for compounded interest. I have several debts owed to me that I need to track. This tool provides clarity on the impact of compounding frequency and interest rates, facilitating effective financial planning and goal setting. Open link in a new tab. Resolved my issue.

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