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👍 Ready made and ready to use.
Follow along to make your own template on the EIGHTH WONDER of the world - Compounding. It shows you how long it will take you to become a millionaire. The chart also uses dynamic Named Ranges, using Offset, to make a beautiful chart that updates automatically.
Compounding is where you invest some money, get a return (say 10%), then reinvest your earnings. Over time your amount grows, so 10% of your increased amount is higher. This starts out small but soon grows exponentially to make you a millionaire.
A Compounding Interest Calculator shows you how much you need to invest, at what percentage, and over what period of time, and how much your investment will grow to.
#Excel #Millionaire
Timestamps:
00:00 Intro and Compounding Overview
01:55 Blank Template
02:54 Total Amount Contributed
03:21 Compounding Table
05:20 Final Amount
06:30 Creating a named range
07:35 Compounding Chart
Excel and Project Management playlist here: • How to Create Excel an...
1 июл 2024