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Bella Edwards
Mathematics
5 September, 09:16
What is the equation for compound interest
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Lara Ochoa
5 September, 09:28
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A = P (1 + r) ^n
where A is the amount after n years, P = principal (initial amount), r = annual rate as a decimal fraction and n = number of years
If interest is accumulated say monthly then it would be
A = P (1 + r/12) ^12n
For quarterly replace the 12 by 4
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