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Compound interest, or 'interest on interest', is calculated with the compound interest formula. The formula for compound interest is A = P(1 + r/n) (nt), where P is the principal balance, r is the interest rate, n is the number of times interest is compounded per time period and t is the number of time periods.
Investments that generate compound interest rely on calculations involving four components: The initial principal (for example, that pile of money you invested at the start). The interest rate (the cost of the money or the dividend yield). The number of times interest or dividends are paid during the life of the investment. ... And finally, the time periods covered by the investment or agreement.
Formula for daily compound interest A = the future value of the investment P = the principal investment amount r = the daily interest rate (decimal) t = the number of days the money is invested for
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