Daily Interest Rate in Percentage. This compounding interest calculator shows how compounding can boost your savings over time. Formula for daily compound interest A the future value of the investment P the principal investment amount r the daily interest rate decimal t the number of.
T log AP log 1rn n log 2 log 1 01 4 4 702 years.
Initial Purchase Amount. Length of Term in days Daily Reinvest Rate. The future value of your account and your total interest earnings. General Compound Interest Formula for Daily Weekly Monthly and Yearly Compounding A more efficient way of calculating compound interest in Excel is applying the general interest formula.