How does the Balance with Interest Calculator work?
Free Balance with Interest Calculator - Calculates the final account balance given a beginning balance, interest rate, and interest crediting period.
This calculator has 4 inputs.
This calculator has 4 inputs.
What 3 formulas are used for the Balance with Interest Calculator?
Effective time = Interest/Number of Compounding Periods
Decimal Rate = (1 + effective time)n - 1
Percentage Rate = 100% * Decimal Rate
Decimal Rate = (1 + effective time)n - 1
Percentage Rate = 100% * Decimal Rate
What 4 concepts are covered in the Balance with Interest Calculator?
- balance with interest
- The value of a fund when a balance is credited with interest for a specific period of time at a certain interest rate
- compound interest
- the interest you earn on principal and interest
A = (1 + r/n)nt - interest
- payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate
- principal
- The amount borrowed on a loan, before interest is charged
Example calculations for the Balance with Interest Calculator
Balance with Interest Calculator Video
