The table given below lists the values of an initial investment P Re. T the time the. A the future value of the investmentloan including interest.
A P 1 r n n t A 1 000 000 1 06 12 12 5 A 1 000 000 1 0005 12 5 A 1 000 000 1005 60 A 1 348 85015.
Any time you run calculations examine a few what-if scenarios using different numbers and see what would happen if you save a little more or earn interest for a few years longer. Learn the Compound Interest Formula in this free math video by Marios Math Tutoring005 Formula for Calculating Compound Interest038 Example 1 5000 at 8. T the time the. I Interest Amount.