compound interest

Author

Message

	Add to del.icio.us
	Add to YahooMyWeb
	Add to Simpy
	Add to BlinkList

Guest

0.10 Dollars($)

Posted: Fri Jun 10, 2005 8:14 am Post subject: compound interest

please what are the formula for calculating compound interest?

Jessica
Jessica

Community Mentor

Joined: 08 Jun 2004

Posts: 673
Location: OHIO

117.51 Dollars($)

Posted: Fri Jun 10, 2005 8:28 am Post subject: Formula of Compound Interest

Hi Guest,

Quote:

please what are the formula for calculating compound interest?

A = P(1 + R/100) ^ n

Where, P is Principal, R is annual rate, n is the number of years, and the total Amount is A.

Then, the compound Interest (C.I.) is
CI = A - P

Hope this formula will help you to solve your cause.

For further related queries, feel free to contact us.

For MortgageFit

Regards
Jessica

All times are GMT - 7 Hours

Page 1 of 1

Highlights

Financial Tools
• Credit Repair Tool

• Mortgage Planner
• Simple Budgeting Tool

Helpful References
• 34 Tax tips boost your savings
• 12 financial ways for Seniors
• Budgeting Lesson 1
• 401k/403b Retirement Loan

Calculators [View all]
• Calculate Debt-Income Ratio
• Calculate Retirement savings
• Convert IRA to Roth IRA
• Tax savings in 1031 Exchange

Community Rewards
• Five simple ways to earn money with the Mortgage Community.

We have chosen to apply the Creative Commons Attribution License to all works we publish.
This work is licensed under cc by 2.0