Archive for April, 2024
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Announcing Power BI Dashboard Contest (win $500 prizes!)
Published on Apr 9, 2024 in Power BI
Hey there, I have a SUPER exciting announcement! April is about to get a whole lot sweeter with our Power BI Dashboard Contest! Your mission, should you choose to accept it: Craft the most EPIC dashboard for the Awesome Chocolates CEO with sales & financial insights! Winners stand a chance to score up to $500 in Amazon Gift Cards, plus some serious bragging rights!
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Classically, known as “interest on interest”, compound interest is the most common type interest used in every day finance situations.
To calculate compound interest in Excel,
on principal amount P
at the rate of interest R
for the number of years N
and compounded T times per year
we can use the formula = P*(1+R/T)^(N*T)
In this article, understand how to calculate various kinds of compound interest values using Excel formulas.
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