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compound interest equation ap1rnnt. A stands for the amount of money that has accumulated. Formula to use is.
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A P1 rnnt. N is the number of compounding periods per year. R rate of interest as decimal.
A 1000000 1 000322916712 12 75 A 1336637.
1000000 at a rate of 3875 per year. Compound interest or interest on interest is calculated with the compound interest formula. Further assume that interest is compounded annually. A P 1 rn nt Assume the rate of interest is 73 per annum year.
