Compound Interest Made Easy with Excel

Have you heard the story about the rice and the chessboard? A wise sage challenged a king to place one grain of rice on the first square and double it on each subsequent square, illustrating exponential growth. Today, we’re diving into a similar concept: compound interest, and showing you how to easily calculate it with Excel. This tutorial is perfect for those planning their savings or curious about investment growth, breaking down the process step-by-step. Learn the power of compound interest and how Excel can streamline your financial management. And don't miss the bonus tip on the Rule of 72 at the end. Let's get started!
We hope you enjoyed exploring the concept of compound interest and learning how to use Excel for your financial calculations. If you found this video helpful, please like, subscribe, and click the notification bell for more valuable content. Share your feedback and questions in the comments-we're here to help.
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[@djl8710]

Thanks Doug! That number is also great for urban planners to see if they need to double their infrastructure, if a city is seeing 5% growth they need to start planning on doubling their water treatment, police, fire, etc.

[@DougHExcel]

Wow, that’s a cool use case!

[@williamarthur4801]

I hate this function, I never remember what to use, X% 0.00, or just a number, end up just doing it with the formula, same goes for all the depreciation stuff, still thanks for reminding me😳😳

[@DougHExcel]

No worries 😉, I have to remind myself on what to put in some of these functions too!