in calculating compound interest ______ differs every year but in calculating compound interest it remains the same
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Step-by-step explanation:
Compound interest calculations can be used to compute the amount to which an investment will grow in the future. Compound interest is also called future value.
How do I calculate compound interest annually?
Calculating Compound Interest
Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one.
The total initial amount of the loan is then subtracted from the resulting value.
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