Compound interest calculator
We calculate the compound amount and the compund interest.
Formula is A = [P(1 + r/n)^(nt)] + [(C(1 + r/n)^(nt) - 1) / (r/n)]
, where:
- A is the future value of the investment/loan, including interest
- P is the principal investment amount (the initial deposit or loan amount)
- r is the annual interest rate (decimal)
- n is the number of times that interest is compounded per unit t
- t is the time the money is invested or borrowed for