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formula for compound interest present value. 3000035 This gives the result 8571428571. The desired accumulated amount is after years invested in an account with interest compounded.
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Use of Present Value Formula The Present Value formula has a broad range of uses and may be applied to various areas of finance including corporate finance banking finance and investment finance. Achieve 8000 in three years at 35 simple interest. 2 PVlargefracFV1Rnormalsizenhspace30pxR effective rate.
If you have tried searching the internet for formulas on compound interest you probably scratched your head due to the complexity of the formulas.
The formulas described above make it possibleand relatively easy if you dont mind the mathto determine the present or future value of either an ordinary annuity or an annuity due. P Principle i interest rate in percentage terms n number of compounding. Example of the Present Value with Continuous Compounding Formula. The general formula for compound interest is.
