The number of compounding periods in one year. Compound interest is the concept of adding accumulated interest back to the principal sum so that interest is earned on top of interest. You need the beginning value interest rate and number of periods in years.
When it comes to saving and investing time can be even more valuable than money.
In our 5 for 10 years example we would simply multiply 5 10 50. By using our calculator you can work out an appropriate regular saving strategy to maximise your future wealth. Formula To Find Compound Interest a p 1 rn nt. To calculate compound interest youll need.