ID: com.iostreamlab.compoundinginterestcalculator
Version: 1.0
Size: 0.9 Mb
Compound Interest Calculator Screen Preview
Compound Interest Calculator Details
Compounding Interest Calculator Compounding Interest Calculator Features : Calculate Accrued Amount (Principal + Interest) A = P(1 + r/n)nt Calculate Principal Amount, solve for P P = A / (1 + r/n)nt Calculate rate of interest in decimal, solve for r r = n[(A/P)1/nt - 1] Calculate rate of interest in percent R = r * 100 Calculate time, solve for t t = ln(A/P) / n[ln(1 + r/n)] = [ ln(A) - ln(P) ] / n[ln(1 + r/n)] Where: A = Accrued Amount (principal + interest) P = Principal Amount I = Interest Amount R = Annual Nominal Interest Rate in percent r = Annual Nominal Interest Rate as a decimal r = R/100 t = Time Involved in years, 0.5 years is calculated as 6 months, etc. n = number of compounding periods per unit t; at the END of each period Example Compounding Interest Accrued Amount (principal + interest) Calculation : I have an investment account that increased from $300 over 60 months. If my local bank offers savings account with daily compounding (365), annual interest rate is 5%, what Accrued Amount (Principal + Interest)? In the Compounding Interest calculator select "Accrued Amount (Principal + Interest)". The equation the calculator will use is: A = P(1 + r/n)nt Enter: Principal (P): $300 Compound (n): Daily (365) Time (t): 5 years (5 years is 60 months) Interest Rate (R): 5% per year Your Ans is A = $ 385.20 _____________________________________________ Visit our official site at http://iostreamlab.com/ Follow us on Twitter at https://twitter.com/iostreamlab or Like us on Facebook at https://www.facebook.com/iostreamlab to get more info about all our upcoming titles. Check out our videos on http://www.youtube.com/channel/UC2eW1_Q3004nDSsfuHaiDew PRIVACY POLICY : http://iostreamlab.com/privacy-policy/Download Compound Interest Calculator 1.0 APK
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