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Calculating Interest Rate for Compounding |
On this page, the calculator allows the user to calculate the compound growth rate for given period. The balance your account has grown to at some point in the future is known. Compound interest is a great thing when you are earning it. | |
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Compound Interest Calculator | Calculating Interest Rate for Compounding | Calculating time required to reach goal |
The formula for Calculating Compound Interest Rate: r =n((F/P)1/nt -1)
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Example usage:
If you start a bank account with $1500 and your bank compounds the interest quarterly at an annual nominal interest rate
. Find the balance after 6 years is $1900. Using the formula above, with P = 1200,
F = 1900, n = 4, and t = 6: r =4X((1900/1600)1/(4X5)
-1)X100.So, the annual nominal interest rate is 3.96%. Top Use: ![]() Recent user inquiry:
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