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Earn +20 ptsQ: How do you calculate compound interest in foxpro?
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How do I Calculate interest on 100000?
To calculate an interest (as money), multiply the capital, times the interest rate (divided by 100, if it is expressed in percent), times the number of periods. The above assumes simple interest; compound interest is a bit more complicated.
What is the calculation for a simple compound interest rate?
There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.
WHAT does the carrot in the formula for compound interest means?
There is no carrot in the compound interest formula!
What is earning interest on interest called?
Compound interest
How do you solve compound interest formula for n?
It depends on which compound interest formula you mean. Refer to the Wikipedia Article on "Compound Interest" for the correct terminology.
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