How to calculate simple interest in Excel

How to calculate simple interest in Excel

In this guide, we’re going to show you how to calculate simple interest in Excel. Download Workbook What is Simple interest? Simple interest is the most basic approach to calculate the amount earned from an investment or payment of a loan. Simple interest method...
How to calculate compound interest in Excel

How to calculate compound interest in Excel

In this guide, we’re going to show you how to calculate compound interest in Excel. Download Workbook Compound interest Compound interest means "interest on the interest", which defines the interest calculation based on both the initial principal and the accumulated...
Function: NORMSINV

Function: NORMSINV

NORMSINV Excel formula is a Statistical function that calculates the inverse of the standard normal cumulative distribution of a specific probability. The standard normal distribution is a type of normal distribution with a mean of zero (0) and a standard deviation of...
PPMT Function

PPMT Function

The Excel PPMT function is a Financial formula that calculates and returns the principal amount of the payment of a loan, based on constant payments and interest rate. In this guide, we’re going to show you how to use the PPMT function and also go over some tips and...
Excel EFFECT Function

Excel EFFECT Function

The Excel EFFECT function is a Financial formula that calculates and returns the effective annual interest rate, for a given nominal annual interest rate and number of compounding periods per year. The effective annual interest rate is used to compare financial loans...
Function: DURATION

Function: DURATION

The DURATION Excel function is a Financial formula that calculates and returns the annual duration of a security based on the Macauley duration formula. In this guide, we’re going to show you how to use the DURATION function and also go over some tips and error...
Excel YIELD Function

Excel YIELD Function

The Excel YIELD function is a Financial formula that calculates and returns the yield on a security that pays a periodic interest. A common use case for the YIELD function is calculating bond yields. In this guide, we’re going to show you how to use the Excel YIELD...
Function: PRICEMAT

Function: PRICEMAT

The Excel PRICEMAT function is a Financial formula that calculates and returns the price per $100 face value of a security that pays interest at maturity. In this guide, we’re going to show you how to use the PRICEMAT function and also go over some tips and error...