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Compounding Interest

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  1. #1
    Registered User
    Join Date
    09-22-2011
    Location
    uk
    MS-Off Ver
    Excel 2007
    Posts
    12

    Compounding Interest

    is anyonne able to help me, I am trying to work out a formula to calculate compounded interest rates.

    I have a table that is 24 columns wide (months).
    1 row that will have amounts input in to the columns (these will be different amounts)

    I want to have a row along the bottom that calulates the compounded interest at a fixed interest rate on the total amount that is in the first row.

    i have mnaged to do this using a table but surely there is a formula for this as the table can become very troublesome if the input amounts change.

    Ive added an image (attached) to hopefully make this a bit clearer.

    Many thanks in advance if you can help you will be saving me days of work
    Attached Images Attached Images

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