Best Math Formula website. Search anything about Math Formula in this website.
formula for compound interest plus contributions. The initial deposit will produce after n years at the interest rate i the future value. I represents the rate of interest earned each period.
What Is The Compound Interest Formula Robinhood from learn.robinhood.com
N represents the number of periods. Then 1005 raised to the power of 96 equals 1614142708. The value of the investment after 10 years can be calculated as follows.
The formula is derived by induction from the summation of the future values of every deposit.
N represents the number of periods. F A s n i A 1 i n 1 i. Or lets say 100 is the principal of a loan and the compound interest rate is 10. Z Y The second part of that last line is just c times the sum of a geometric series.
