Hi, I am working on a regular payments savings plan spreadsheet assignment.  I'm having trouble understanding what a compound is and how to find the interest.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Hi, I am working on a regular payments savings plan spreadsheet assignment. 

I'm having trouble understanding what a compound is and how to find the interest. 

233t 56N
Template
20.
101
18.
9.
47.
8.
7.
15.
14
13.
6.
5.
4.
12
3.
1.
6.
0.
8.
Month Principal Interest
7.
Compounds
4.
5.
Payment
APR
Payment
Total
3.
3.70%
Givens:
乙
Principal
Line Number
43.00
1.
545.00
4.
B.
A
E,
Times
6.
Fle Edit Insert Format Help
12.
Activity 4 Regular Payments Savings Plan Student Template.xlsx
田
YouTube
hetiie
Google Docs
M Gmail
l
Theseuru
Transcribed Image Text:233t 56N Template 20. 101 18. 9. 47. 8. 7. 15. 14 13. 6. 5. 4. 12 3. 1. 6. 0. 8. Month Principal Interest 7. Compounds 4. 5. Payment APR Payment Total 3. 3.70% Givens: 乙 Principal Line Number 43.00 1. 545.00 4. B. A E, Times 6. Fle Edit Insert Format Help 12. Activity 4 Regular Payments Savings Plan Student Template.xlsx 田 YouTube hetiie Google Docs M Gmail l Theseuru
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