Monday, July 8, 2024

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.

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