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how do you calculate compounded daily interest. Length of Term in days Daily Reinvest Rate. If interest is compounded daily find the rate at which an amount doubles itself in 5 years.
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Now lets say you deposited the same amount of money on a. R AP 1nt - 1 n 2 1 3655 - 1 365 013865 1387 per annum. Assign labels in column A rows 1-5 for the Principal.
Convert the percentage rate to a decimal.
010 365 000027397. Unless you are withdrawing the daily interest you are accumulating it will be. For example you deposited 1000 on a bank at 3 for a year. Calculate Your Daily Interest for a Fixed Amount of Days.
