How To Solve For R In Compound Interest Formula Complete Guide

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how to solve for r in compound interest formula. How Do You Solve For Time in the Compound Interest Formula. Plug in the giving information FV 12000 r 009 n 12 and t 6.

Expanding Compound Interest Equation To Find R Excel Formula Intrest Rate Compound Interest
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Gather variables the compound interest formula. Will there be 6000 dollars in the account A 6000 Putting these values into the formula above gives us. Plug in the giving information FV 12000 r 009 n 12 and t 6.

A P 1 r m mt In the present case A Future value of the investment is to be calculated.

R Annual Nominal Interest Rate in percent. P the principal investment amount the initial deposit or loan amount r the annual interest rate decimal n the number of times that interest is compounded per unit t. A P 1 r n n t r 12 100 0012. R Annual Nominal Interest Rate as a decimal.