Compound Interest Calculator
Sure! I can help you create or use a Compound Interest Calculator. First, let’s define the basic formula for compound interest:
🔢 Compound Interest Formula:
A=P(1+rn)ntA = P \left(1 + \frac{r}{n}\right)^{nt}
Where:
- AA = the future value of the investment/loan, including interest
- PP = the principal investment amount
- rr = the annual interest rate (decimal)
- nn = the number of times interest is compounded per year
- tt = the number of years the money is invested or borrowed for
Would you like to:
- Use a calculator right here with your numbers?
- Get a simple web-based calculator?
Let me know your preference and I’ll tailor it!