A PMT Mathpow 1r100n nt-1 r100n Assuming that deposits are made at the end of each period month year etc. In our example the formula is A2 1B2 where A2 is your initial deposit and B2 is the annual interest rate. Compound Interest Formula P 1 i n P.
12 times per year is equivalent to compounded monthly t the number of years the money is invested or borrowed for in years.
This formula returns the result 1220996594. P is the the principal investment or loan amount. A P 1 rn nt Where. Amount 1.
