The calculation of compound desire requires three elements – the principal sum, fee of fascination, and span of your time (ordinarily in years) for which the money stays invested.
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In this article, A refers back to the foreseeable future price of the financial commitment; P refers to the principal amount to become invested; r refers back to the charge of desire; n refers to the volume of periods the interest will get compounded yearly; t refers back to the tenure (in decades) of investment decision.
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