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how to calculate compound interest yearly formula. R is also known as rate of return. A Monthly compound rate P Principal amount R Rate of interest N Time period.
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N number of. Below is the compound interest formula on how to calculate compound interest. FV function stands for Future Value returns the future value of an investment based on periodic constant payments and a constant interest rate.
However in this example the interest is paid monthly.
N number of. FV PV 1rn where FV is future value PV is present value r is the interest rate per period and n is the number of compounding periods. A is the future value of investmentloan including interest earned P is the the principal investment or loan amount. This formula returns the result 1220996594.
