Calculate and compare interest rates for various compounding periods using this free compound interest calculator, or use it to learn more about compound interest.
In order to compute compound interest, multiply the principle of the original loan by the annual interest rate multiplied by the number of compound periods minus one. You will then be left with the principal amount of the loan plus compound interest.
A = P(1 + r/n)(tn), where A is the future value, P is the current value or principle amount, r is the rate expressed as a decimal, and n is the number of compounding periods, is the formula for compound interest.
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