We build a compound interest calculator in Excel to calculator your savings. In other words, based on your initial investment, annual interest rate, savings term, compound frequency and monthly standing order we’ll use the future value formula to calculate the final savings amount which can be used to calculate the annual interest gained. We also build a calculation table to provide a periodic breakdown of your savings and check that the future value calculation is correct.

DISCLAIMER: Although I have taken great care to check all of the calculations, I am not a qualified accountant or advisor and you should not use this video to substitute financial advice. Make sure you talk to your own accountant or financial advisor before you use this calculator to make any financial decisions.

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Overview: (0:00)
Inputs: (0:38)
Calculate Savings Using FV Function: (1:34)
Calculation Table: (3:06)
Testing: (5:00)

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