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how to find n in compound interest. We are going to learn how to solve for n and how to solve for i the compound interest main formula. The compound interest formula is Compound Interest P 1 rn nt P If you need to calculate the amount payable then the formula is A P 1 rn nt.
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N number of times interest is compounded per year. FV Future Value PV Present Value r Interest Rate as a decimal value and. You can calculate compound interest in several ways to gain insight into how you can reach your goals and help you keep realistic expectations.
Depending on the type of financial instrument youre managing compounding interest can either help you or hurt you.
A is the total amount of money including interest after n years. Heres the compound interest formula. FV Future Value PV Present Value r Interest Rate as a decimal value and. A quick rule of thumb to find compound interest is the rule of 72 Start by dividing 72 by the amount of the interest you are earning for example 4.
