Compound Interest Formula

Compound Interest · Calculate the Interest · Add the Interest to the Loan at Start to get the Loan at End of the year · The

Compound interest is when interest is calculated not only on the initial principal but also on the accumulated interest from previous periods

formula 1688 Compound Interest Formula · PV = Present Value · r = Interest Rate · t = Term in Years · n = Number of Compounding Periods The number of compounding

compound interest formula With compound interest the amount you are calculating interest on, changes every year The interest is calculated for the first year and is then added on to the