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what is n in compound interest formula. And we can rearrange that formula to find FV. How Compound Interest Benefits Savings and Investments.
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For the total accumulated wealth or amount the formula is given as. And by rearranging that formula see Compound Interest Formula Derivation we can find any value when we know the other three. Depending on the type of financial instrument youre managing compounding interest can either help you or hurt you.
A P 1 r n nt A the amount of money accumulated after n years including interest P the principal amount your initial deposit or your initial.
Lets look at the quantities in the problem statement. A P 1 r n nt A the amount of money accumulated after n years including interest P the principal amount your initial deposit or your initial. With that we can work out the Future Value FV when we know the Present Value PV the Interest Rate r and Number of Periods n. PV the present value of the investment i the stated interest rate n the number of compounding.
