In the above formula, P stands for the principal value, R is the rate of interest, and n is total time. Here, we will learn to calculate compound interest using Excel.

An Excel formula is generally composed of several items. Knowing how to calculate formulas in Excel will make tracking various parts of your business that much easier.

Save this for the spreadsheet jocks in your office—we'd bet even the experts don't know all of these formula tips.

Learn how to calculate the net present value (NPV) of your investment projects using Excel's XNPV function.