A P1 rnnt If you want to try to see whats going on behind the scenes in our calculator heres how to do the math yourself using the compound interest formula. 1152800 12n 144 12n 144 122 Thus it takes two years for the compound interest to amount to. A the future loan including interest.
Calculating compound interest is complicated.
Enjoy the videos and music you love upload original content and share it all with friends family and the world on YouTube. STEP 2 Thus let us substitute the values we have into the formula. In order to calculate the value of the investment after the period of 3 years annual compound interest formula will be used. T Time Involved in years 05 years is calculated as 6 months etc.