HOW TO USE COMPOUND INTEREST FORMULA IN EXCEL ?

HOW TO USE COMPOUND INTEREST FORMULA IN EXCEL 
A                                                           B

Intial investment	24000
annual interest rate	8%
No. of Compounding periods	12
Years	1
Balance	25,991.99

in the Above table We have to find out compound interest and future value from the using given formula. 

the Compound Formula : =B3*(1+B4/B5)^(B6*B5)

B3 = Initial Investment                     : Rs. 24000/-

B4 = Annual interest Rate                : 8% p.a

B5 = no of Compound periods         : 12 

B6 = Year                                          : 1

Future Balance                                  :  Rs. 25,991.99/-