Interest Rate
Note: This discrete annual compound interest example is from Simon Benninga, Principles of Finance with Excel, Second Edition
Oxford University Press (2011) pp. 683-693
ce with Excel, Second Edition
Discrete Annual Compound Interest
Interest Rate
$7,000.00
20.00%
$6,000.00
Year Cash Balance
0 $1,000.00 $5,000.00
1 $1,200.00
2 $1,440.00 $4,000.00
3 $1,728.00
$3,000.00
4 $2,073.60
5 $2,488.32 $2,000.00
6 $2,985.98
7 $3,583.18 $1,000.00
8 $4,299.82
9 $5,159.78 $0.00
10 $6,191.74 0 2
Note: This discrete annual compound interest example is from Simon Benninga, Principles of Finance with Excel, Second Edition
Oxford University Press (2011) pp. 683-693
$7,000.00
$6,000.00
$5,000.00
$4,000.00
Column B
$3,000.00
$2,000.00
$1,000.00
$0.00
0 2 4 6 8 10 12