Annual interest rate to monthly excel
Annual compound interest - Formula 1 initial deposit and B2 is the annual interest rate. money you will earn with yearly, quarterly, monthly, weekly or daily compounding. It is used to compare the interest rates between loans with different compounding periods, such as weekly, monthly, half-yearly or yearly. The effective interest rate savings accounts, loans and single or regular investments. 4, You can also convert your interest and earnings rates to yearly, daily, weekly or monthly rates.