Compound Interest Calculation Online
Calculates compound interest for annual, half yearly or quarterly compound interest. Compound interest is a concept of adding accumulated interest back to principal amount. The act of declaring interest to be principal is called compounding and formula is : A = P(1 + r/n)^{nt}
Where: A = Total 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/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