Explanation If you have an annual interest rate, and a starting balance you could calculate interest with: and the ending balance with: So, for each period in the example, we use this formula copied down the table: With the FV function The FV function can also be used to calculate future value. The equivalent formula is: The interestrateis used as-is, since we are compounding annually,nperis 1, since there is only one period per year,pmtis zero, since there are no additional payments, andpvis the starting balance, input as a negative value by convention....

Explanation An annuity is a series of equal cash flows, spaced equally in time. What interest rate is required? When a percentagenumber formatis applied, the result displays as 6.24%. Note payment is negative because it represents a cash outflow. Related formulas Future value of annuity Future value vs. The RATE function calculates by iteration.

About This Shortcut This shortcut will apply the Currency format with two decimal places. Excel offersmany types of number formatting. Related videos The videos below demonstrate this shortcut. Shortcuts for number formats How to generate random values

About This Shortcut This shortcut applies the Date format “dd-mmm-yy” to the selection. Related videos The videos below demonstrate this shortcut.

About This Shortcut Apply the General number format. The General number format is the default format in Excel. It will display numbers as numbers, and text as text. Excel offersmany types of number formatting. Related videos The videos below demonstrate this shortcut.

Excel offersmany types of number formatting. Related videos The videos below demonstrate this shortcut. Shortcuts for number formats

About This Shortcut This shortcut will apply the Percentage format with no decimal places. Excel offersmany types of number formatting. Related videos The videos below demonstrate this shortcut.

About This Shortcut This shortcut will apply the Scientific number format with two decimal places. Excel offersmany types of number formatting. Related videos The videos below demonstrate this shortcut. Shortcuts for number formats

About This Shortcut This shortcut will apply a default Time format to selected cells. Excel offersmany types of number formatting. Related videos The videos below demonstrate this shortcut. SEQUENCE of times Shortcuts for number formats

The result from ARABIC is a numeric value. ARABIC takes just one argument,roman_text, which should be a Roman number provided as atext string.

Area charts are a good way to show change over time with one data series. They offer a simple presentation that is easy to interpret at a glance.

The value represents a half-rotation in the radian angle system. The POWER function is an alternative to theexponent operator(^).

Explanation A parallelogram is a quadrilateral (4-sided) shape with two pairs of parallel sides. The opposite sides of a parallelogram are the same length, and the opposite angles have the same measure.