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how to compound interest on a calculator. You require the principal amount simple interest rate and the. Estimate the total future value of an initial investment or principal of a bank deposit and a compound interest rate.
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You require the principal amount simple interest rate and the. Following is the formula for calculating compound interest when time period is specified in years and interest rate in per annum. Discover the miracle of compounding.
The formula for compound interest is P 1 rn nt where P is the.
Compound interest or interest on interest is calculated with the compound interest formula. Determine how much your money can grow using the power of compound interest. It is the basis of everything from a personal savings plan to the long term growth of the stock market. You can calculate compound interest in a number of ways using financial calculators online calculators or spreadsheets.
