# Interest Calculations MS Excel - Retirement Plans and Savings

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Finance help!!! interest?
I would like to save \$2,500,000 in 30 years by making regular deposits at the end of each month in an annuity that pays 7.25% compounded
monthly. How much of the \$2,500,000 comes from interest?
We use the PMT function to first calculate the present value per month for our future value of \$2500000. Next we calculate the total amount that we have deposited in the last 30 years (360 months). We deduct this value from the our final amount of \$2500000 to get our interest earned.
Watch the video below tp learn how to calculate the present value and the interest earned (about 10 MB):

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Excel 2007 Excel 2003 Macros Excel 2007 Macros Excel 2003 Excel 2010