How to Calculate Compound Interest Rate in Excel » Residence Style

There are two methods to calculate the interest amount. These methods are simple interest and compound interest. The interest rate can be the nominal interest rate, annual percentage yield, or effective interest rate. The nominal interest does not consider the interval while calculating the interest rates, while in the effective interest, the compounding is done after certain intervals. This compounding can be calculated for a month, quarter, year, or 2 years. In general, the compounding is done weekly. Let us try to understand in detail how compound interest is calculated mathematically as well as in excel.

What is compound interest?

Compound interest, also called compounding interest, means the accumulated interest, which is calculated for the principal amount and interest on the deposit amount. In other words, it can be said as an interest in interest. Therefore, with compound interest on the same amount, the investment companies get interest on both the initial amount and the interest incurred on the previous period. The compound interest generally increases every year. As an example, suppose you have deposited Rs. 50 for 2 years with the 10% compound interest. For the first year, you will get the amount Rs. 5 (=50*0.10), and for the

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Vanity Table Ideas for Organized Home

Getting ready every day need not be a mad hunt for cosmetics and jewellery. It can actually be a stress-free, enjoyable experience before you step out. You may be a busy working person or a stay at home parent who loves a quick 10-minute me-time for looking fresh and ready for your day. Have you thought of creating a special place at home for self-grooming but never really implemented it?

There are plenty of options to buy in the market today. But it would be disappointing if you bought one, and it doesn’t have enough space for your jewellery or favourite gadgets. Let’s not let that happen. Read on for some cool tips and ideas to plan and design your personal vanity table.

Planning Your Vanity Table/Dressing Table

A well-planned vanity table or dressing table helps you keep cosmetics and other daily grooming essentials close to hand.

Start with this checklist of questions:

  • Should the vanity table be in your bedroom or bathroom?
  • What are the things you want within easy reach when you get dressed?
  • If in your bedroom, should it be a multi-purpose space? (e.g. dresser cum workspace)
  • What are the things you want to display in

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7 Rich Wooden House Gyms

Butterflies tend so as to add to the color and beauty of a garden. Raised backyard beds are also good for the extra elderly gardener, as they supply upkeep of the bed with out the related stress on the decrease back. The raised bed featured in this mission makes use of our garden wall product Anchor Bayfield – nevertheless it might simply as simply be built utilizing Anchor Windsor Stone. Raised curvy beds – poor-soil gardeners, take notice – hug lovely small lawns in each the back and front yards. The garden beds are brimming with pristine perennials, blooming shrubs and exquisite ornamentation.

Outside ornamental objects: Obtained a terrace area or a cutesy balcony? Create a mini backyard with crops. You can too unleash your creative aspect by creating a fairy backyard. All it’s important to do is add some figurines and a small indoor water fountain to complete the look. Thanks for stopping by this article on futuristic sci-fi décor! I hope you found some great decorating concepts in your dream bed room and have a variety of fun setting all of it up. In case you are still looking for the right theme in your bedroom, be sure …

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4 Toilet Parts You Should Regularly Replace

Toilets — like anything else — leak, wear out and break down. Replacing them is costly and usually unnecessary when just a little maintenance can do the trick. Here the top four toilet parts you should replace when problems arise.

Wax seals are no fun to replace. You need patience, a putty knife and plenty of time. (©Steven Love, Adobe Stock)

1. Wax Seal

One thing separates your toilet from the sewer: an airtight, watertight wax or non-wax seal. This seal, which surrounds the toilet’s exit hole, does more than sit between the fixture’s base and flange. It’s a safety feature, and that’s why it’s one of the most important toilet parts you could replace.

The seal prevents water from leaking as it leaves the toilet and enters the drainpipe. This prevents the kind of water damage that leads to mold and mildew, at best, and rotting that, at worst, could compromise the home’s structure.  

In addition, the seal prevents harmful sewer gases from entering your living space. Hydrogen sulfide, for instance, leaves foul odors, similar to rotten eggs, but that’s the least of your worries. It’s also corrosive, flammable and poisonous.


Closeup of a white porcelain toil with a Fluidmaster Better Than Wax rubber seal on the floor
Fluidmaster’s Better Than Wax toilet seal is an

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