compound interest formula

compound interest formula   Dan nu formula

Compound interest is more complex than simple interest It lets you gain value on the principal and accumulated interest A=P^nt

Key Takeaways · Compound interest is the interest computed on the sum of the initial investment amount and its accumulated interests · The t = time in years If the interest is compounded yearly, n is 1 If the interest is compounded semi-annually, n is 2 If the interest is compounded quarterly, n

อเล็กซิส ซานเชซ Future value compound interest formula in Excel ; rate refers to Interest rate of each period; In the example: r12 or 8%12, as it's compounded monthly, Compound interest is calculated by multiplying the initial loan amount, or principal, by one plus the annual interest rate raised to the number