Compound interest introduction

compound interest formula  The Four Formulas · FV = Future Value, · PV = Present Value, · r = Interest Rate , and · n = Number of Periods  how compounding increases your savings interest; the difference between saving now and saving later; how to calculate compound interest Compound interest

Important Compound Interest formulas · Amount = Pmathbf{^{T}} · Compound Interest =Total amount If you had a $1,000 loan with interest that compounded 20% annually, you would owe 20% on the annual balance, which would increase every year After three years

When Rates are Different for Different Years Let's consider you have borrowed money from the bank, but the rate of interest changes every year  The compound interest formula is simple and involves four variables P,R,N,n The P in the formula stands for the principal amount of the investment, and R