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What is a Compound interest calculator?
A compound interest calculator is used for determining how much your invested money can make you in it's lifetime of being invested. This is useful in telling you how much a certain amount of money will make you when it matures.
How do you calculate nominal interest rate?
Nominal interest, is the amount of interest on a loan or investment that does not take into account inflation; it's the amount of interest listed on the loan or bond.
How much would 150 invested at 8 percent interest compounded continuously be worth after 17 years?
http://lmgtfy.com/?q=continuous+compound+interest+calculator
What interest applies when interest for each year is based on the amount of the loan or investment?
When each interest calculation uses the initial amount, this is called Simple Interest. The other type is Compound Interest, which uses the current balance as the basis for interest calculation.
How does simple and compound interest affect the result of your investment exercise?
it affects the result of your investment excercise by changing the percentage yearly! PS: Your working on your Personal Management Merit badge for trail to Eagle right?
