Compound interest

The Four Formulas · FV = Future Value, · PV = Present Value, · r = Interest Rate , and · n = Number of Periods

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

compound interest formula If a principal amount P is invested at an interest rate r for t years, then the simple interest earned will be I = Prt We can use the simple interest formula

distance formula Financial Assessment Page last modified on: 04062024 22:27:10 the compound interest formula above assumes that the interest calculation occurs before