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how to calculate compound interest quickly. Compound interest is one of the most important concepts to understand in investing. If interest compounds more often than annually it is difficult to.
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Determine how much your money can grow using the power of compound interest. A P 1 rn nt. Calculate compound interest on an investment or savings.
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First enter the amount you intend to use as an initial deposit and how much you plan to contribute on a monthly or annual basis. The principal on which you should calculate your interest is not the principal that you started with but the amount that you have arrived at after adding the interest for the first period. A P 1 rn nt. Compound interest can be computed by multiplying the existing principal sum by one plus the annual interest rate raised by the number of compound periods minus one.
