Hello Everyone,
I am trying to write a formula to calculate compound interest with monthl contribution, here is what I need:
Lets say my starting amouint is $2501.28
And I add $208.44 monthly
For 10 years
At 0.75% interest yearly
The answer is $28,619
But when I try =FV(0.75%,10,-2501.28,-208.44,1) in excel
I get $26292.76

Can someone tell me what I am doing wrong?

Thank you for Your help,
Josh