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how to calculate compound interest video. Interest is effectively a rent on money. Sign up for Investor Updates.
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There are other videos on compounding continuously. Here P is the principal amount. R is the annual interest rate.
If you need to calculate the amount payable then the formula is.
Calculate compound interest on an investment or savings. Compound Interest P 1 rn nt P. In this video we think about what an interest rate really is. Determine how much your money can grow using the power of compound interest.
