=FV(rate, nper, pmt, pv, [type])
In Danish finance, (compound interest) is the principle where interest earned on an investment is reinvested, so you earn interest on your interest. The formal formula for calculating the average annual growth rate is known as the "rentes rente formel" . rentes rente formel excel
=RRI(Nper, Pv, Fv)
Or, using the Excel function: =FV(0.05, 5, 0, -10000) = 12,763.25 DKK =FV(rate, nper, pmt, pv, [type]) In Danish finance,