Difference between revisions of "Compound Interest Formula"

From Open Risk Manual
(Created page with "== Definition == Compound interest is the cumulation of interest to the principal sum of a loan or deposit == Formula == :<math> CI = [ \prod_{i=1}^{d_b} (1 + \frac{r_i \time...")
(No difference)

Revision as of 11:55, 11 June 2019

Definition

Compound interest is the cumulation of interest to the principal sum of a loan or deposit

Formula


CI = [ \prod_{i=1}^{d_b} (1 + \frac{r_i \times n_i}{N}) - 1 \ \times \frac{N}{d_c}

See Also

  • [[Simple Interest Formulat]

Contributors to this article

» Wiki admin