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I'm looking for a formula in Excel that will use compound interest and let me contribute a continuous payment for "x" number of years.

i.e., a contribution of \$10,000 with an annual interest rate of 10%. I make a \$10,000 yearly contribution for the next 35 years. How much will the account be worth?
Oct 7, 2022 in Others 511 views

## 1 answer to this question.

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The FV() formula would be what you're looking for.

=FV(10%,35,-10000)

There are variations to this formula.

• 10% assumes you only make one payment a year. If you pay 12 times a year, use 10%/12.
• 35 is the total number of years. This doesn't change even if you change the above.
• -10000 is your 10k / year payment.
answered Oct 8, 2022 by
• 63,700 points

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