Compound interest is really mathematically interesting. 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. A P 1 rnnt Where.
A P 1rnnt A.
A P 1 r n nt where r is the interest rate as a decimal n is the number of times it is compounded in the time frame t is the amount of time and P is the starting value. N is the number of compounding periods per year. Use the compound interest formula AP 1 r n nt to compute the total amount after 2000 is invested at 4 over 8 years compounded daily. How much money should she ask her parents for now so that if.