1 / 8

Compound Interest Formula

Compound Interest Formula. A = P (1 + r ) nt. n. A = Future value P = Present value, principal r = rate (%) n = number of times compounded in a year t = time in years. A = P (1 + r ) nt. n. Annually Semiannually Quarterly Bimonthly Monthly Weekly Daily*. n = 1 n = 2 n = 4

neve-finley
Download Presentation

Compound Interest Formula

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Compound Interest Formula A = P (1 + r)nt n

  2. A = Future value P = Present value, principal r = rate (%) n = number of times compounded in a year t = time in years A = P (1 + r)nt n

  3. Annually Semiannually Quarterly Bimonthly Monthly Weekly Daily* n = 1 n = 2 n = 4 n = 6 n = 12 n = 52 n = 360* Compounding

  4. A = P (1 + r)nt n You deposit $5,000 on an account that pays 4% interest compounded annually. Find the future value after 20 years.

  5. A = P (1 + r)nt n You deposit $5,000 on an account that pays 4% interest compounded quarterly. Find the future value after 20 years.

  6. A = P (1 + r)nt n You deposit $5,000 on an account that pays 4% interest compounded monthly. Find the future value after 20 years.

  7. A = P (1 + r)nt n You deposit $7,000 on an account that pays 5.28% interest compounded semiannually. Find the future value after 10 years.

  8. A = P (1 + r)nt n You deposit $10,000 on an account that pays 8% interest compounded weekly. Find the future value after 30 years.

More Related