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Thread: Compound Interest Equation

  1. May 31st, 2010, 01:22 PM #1
    moonman239
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    Compound Interest Equation

    Hello all,

    I just thought I'd record this one simple equation for determining how much money you'll have in your savings account after a certain period of time.

    A=P((1+i)^n)

    where
    A=amount of money after n periods
    P=your current principal
    i=interest rate
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  2. May 31st, 2010, 01:24 PM #2
    Pradeep1210
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    Re: Compound Interest Equation

    So what's your question?
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  3. May 31st, 2010, 05:44 PM #3
    jemidiah
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    Re: Compound Interest Equation

    That formula and more can be found (shockingly) at Wikipedia....
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