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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.
Rule Of 72 Divide 72 By The Annual Interest Rate To Find The Approximate Time Required For Doubling Rule Of 72 Compound Interest Money How To Find Out from www.pinterest.com
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.
