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formula for compound interest weekly. Generally when someone deposits money in the bank the bank pays interest to the investor in the form of quarterly interest. A P 1 rnnt The compound interest formula solves for the future value of your investment A.
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The formula used in the compound interest calculator is A P1rn nt A the future value of the investment. The trick to using a spreadsheet for compound interest is using compounding periods instead of simply thinking in years. Beginning Value x 1 interest rate number of compounding periods per year years x number of compounding periods per year Future Value.
The compound interest can be calculated such as.
Due to being compounded monthly the number of periods for one year would be 12 and the rate would be 1 per month. A Monthly compound rate. R is the the annual interest rate in decimal. A P 1rnnt P.
