Create a new worksheet in Excel, and enter the following headings in the first line: principal, annual interest rate, deposit period, hours per year, and compound interest final value.
Enter the corresponding value in the cell below the second line. For example, you can enter 10000 as the principal, 6% as the annual interest rate, 5 as the deposit period and 8760 as the annual hours (this is the total hours in a year, excluding leap years). Suppose the compound interest method is compound interest every hour.
Enter the following formula in the first cell of the compound interest final value column:
= principal *( 1+ annual interest rate/(365 hours per year)) (deposit period is 365 hours per year)
This formula will use the power operator () to calculate the final compound interest value. "365 hours per year" in the formula represents the total hours in a year, in which a year is converted into hours. "365 hours per year" in the formula represents the total hours of the deposit period.
Press Enter to calculate the result.
If you need to change the input value, please modify the corresponding cell. The results will be recalculated automatically.
If you need to calculate the results of different compound interest methods, please modify the formula to reflect the required compound interest method.