compound interest formula
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Future value compound interest formula in Excel ; rate refers to Interest rate of each period; In the example: r12 or 8%12, as it's compounded monthly,
Formula for Compound Interest · Amount = mathbf{Pleft ^} · Compound Interest = Total amount Apply the Compound Interest Formula for monthly Compounding Interest In the real world, interest is often compounded more than once a year In many cases, it
สารอันตราย This formula can also be used for instances where the interest is compounded once every two years In this case, n = , as each year is calculated as half How to calculate compound interest · 1 Divide the annual interest rate of 5% by 12 = · 2 Calculate the number