Compound Interest Calculator
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What is Compound Interest?
Compound interest is the interest calculated on the initial principal and also on the accumulated interest from previous periods. This "interest on interest" causes wealth to grow exponentially over time.
A = P × (1 + r/n)nt
Where: A = Future Value, P = Principal, r = Annual Rate, n = Compounding Frequency, t = Time
Where: A = Future Value, P = Principal, r = Annual Rate, n = Compounding Frequency, t = Time