Yes, assuming you are compounding only once a year.
Nick
-----Original Message-----
From: Allan Pichler [mailto:[EMAIL PROTECTED]]
Sent: Friday, December 15, 2000 1:07 AM
To: CF-Talk
Subject: RE: compound interest
If i understand your question right (you'll have to excuse me for not
knowing the english terms for stuff like interests) you're looking for
something like this
Balance on your account after n years = deposit x * (1 + r %) ^ n
F.ex
deposit $10,000 on december 31st at 6 % apr will accumulate to $12,624.77 if
you leave it for 4 years
10,000 * (1.06)^4 = 12,624.77
Hope this is what you're looking for!
Allan Pichler
Machine Dreams Inc.
-----Original Message-----
From: Jason Egan [mailto:[EMAIL PROTECTED]]
Sent: Thursday, December 14, 2000 3:08 PM
To: CF-Talk
Subject: ot: compound interest
does anyone know the formula for calculating compound interest? I need to
figure the values of trucks on our site... it has been simple interest up
until 3 days AFTER it went live... GRRR...
Thanks!
Jason
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