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how to calculate compound interest online. F V P 1 i c n c R 1 i c n c 1 i c displaystyle FVP1frac icncfrac R1frac icnc-1frac ic 8 X Research source The variables within the equation are also the same as the previous equation with one addition. Compound Interest Calculator Savings Account Interest Calculator Consistent investing over a long period of time can be an effective strategy to accumulate wealth.
Formula For How To Calculate Compound Interest Compound Interest Interesting Things School Help from www.pinterest.com
It shows the snowball effect of continuous reinvesting of gains as opposed to cashing out which leads to exponential growth on the inital desposit. In order to understand this better let us take the help of an example. A is the future value of investmentloan including interest earned.
Include additions contributions to the initial deposit or investment for a more detailed calculation.
See how much you can save in 5 10 15 25 etc. P the principal investment amount. P is the the principal investment or loan amount. The interest can be compounded annually semiannually quarterly monthly or daily.
