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how to find a compound interest. Compound Interest Calculator Step 1. Compund interest is as a result of reinvesting interest rather than paying it out so that interest in the next period is then earned on the principal sum plus previously accumulated interest.
C Program To Calculate Compound Interest Coderforevers C Programming Tutorials C Programming Learning Programming Tutorial from in.pinterest.com
Compound Interest Calculator Step 1. A P1 rnnt If you want to try to see whats going on behind the scenes in our calculator heres how to do the math yourself using the compound interest formula. For daily compounding most organizations use 360 or 365.
Compound interest is really mathematically interesting.
Simple interest is as its name implies easier to understand. However your bank has two different plans. P the principal investment amount. A P 1 r n n t A 1 000 000 1 06 12 12 5 A 1 000 000 1 0005 12 5 A 1 000 000 1005 60 A 1 348 85015.
