A-final amount
t-years compounded
n-times
r-interest rate
p-starting amount
http://www.meta-financial.com/lessons/compound-interest/formula-calculate.php
Friday, November 10, 2017
Compounded Interest Problem
Below is the formula for compounding interest. Although you will almost always use an online calculator for greater accuracy, it is good for you to manually do the calculation a few times to understand the concept and know what is used to arrive at a final amount.
A-final amount
t-years compounded
n-times
r-interest rate
p-starting amount
A-final amount
t-years compounded
n-times
r-interest rate
p-starting amount
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