Many financial and government websites have compound interest calculators, such as Bankrate.com and Investor.gov. In addition, some mathematics-oriented websites also have compound interest calculators to illustrate particular uses of calculus in business, explains The Calculator Site.
One formula for calculating yearly compound interest is M=P(1+i)n. "M" represents the final amount with the principal and interest combined, "P" represents the principal amount, "i" represents the interest rate, and "n" is the number of years invested.
To calculate interest, multiply the periodic interest rate by the principle amount. For example, if you borrowed $1000 with an interest rate of 10 percent, in a year your interest paid is $100.
Compound interest is a financial term used to describe the process where the interest earned on a principal investment over a set period of time is added to the principal amount. The interest payable for the following periods is recalculated on the sum of the original investment and the previous int
A tax interest calculator determines the amount of interest owed on taxes that are paid late, as seen on the New York State Department of Taxation and Finance website. Several state tax websites, including New York and Pennsylvania, provide tax interest calculators, as do third-party services.
A compound refers to any substance that contains two or more elements that have been joined together chemically. All compounds are molecules; however, not all molecules are compounds. Molecules such as O2 or H2 are not considered compounds because they only contain a single element.
The difference between simple interest and compound interest is that simple interest builds only on the principal amount, while compound interest builds on both the principal and previously earned interest. Because of this, compound interest always yields greater profits.
Interest expense is calculated as the interest rate multiplied by the amount of the outstanding principal of the debt. Defined by Investopedia, interest expense is the cost incurred by an entity on borrowed funds.
Many finance websites, including Investopedia, CalculatorEdge and NCalculators.com, offer compounded annual growth rate calculators for their users. All of these sites require the user to input information essential for calculation of the compound annual growth rate.
The formula for interest compounded annually is FV = P(1+r)n, where P is the principal, or the amount deposited, r is the annual interest rate, and n is the number of years the money is in the bank. FV is the amount of money the depositor would have after n years, or the future value of that investm