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how to calculate compound interest time. The A in the formula is the amount youll end up with. The formula used in the compound interest calculator is A P 1rnnt A the future value of the investment P the principal investment amount r the interest rate decimal.
So 4 would be 004 divided by n the number of times your. Will there be 6000 dollars in the account A 6000. That earns 2 compound interest that is done annually r 002.
Enter the years 0-5 in cells A2 to A7.
A 9 1 0012 3 3 4 A 9 1004 3 4 A 944. Initial InvestmentInitial InvestmentAmount of money that you have available to invest initially. A final amount P principal r interest rate or T how many years to compound Solving for A. 5000 dollars is deposited in an account P 5000.