Compound Interest

compound interest formula  Learn about Compound Interest Formula Explained topic of Maths in details explained by subject experts on Register free for online tutoring Learn about Compound Interest Formula Explained topic of Maths in details explained by subject experts on Register free for online tutoring

To calculate compound interest in Excel, you can use the FV function This example assumes that $1000 is invested for 10 years at an annual interest rate of What is Compound Interest? · I = Interest amount This is the extra amount that is added to the original · P = Principal amount This is the original amount

t = time in years If the interest is compounded yearly, n is 1 If the interest is compounded semi-annually, n is 2 If the interest is compounded quarterly, n Key Takeaways · Compound interest is the interest computed on the sum of the initial investment amount and its accumulated interests · The