Anon Oby
Member
- Joined
- Jul 12, 2024
- Member Type
- Student or Learner
- Native Language
- Chinese
- Home Country
- China
- Current Location
- Hong Kong
"Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one."
Source: The Power of Compound Interest: Calculations and Examples from Investopedia
I just ran into this sentence online. I guess it is about the method to calculate the compound interest, but I'm not sure what it means.
Source: The Power of Compound Interest: Calculations and Examples from Investopedia
I just ran into this sentence online. I guess it is about the method to calculate the compound interest, but I'm not sure what it means.
