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Example:

Start_Capital = 10000

Interest_Rate = 5 && Percent per year or other period

Periods = 10 && Years or other periods

End_Capital = Start_Capital * (1 + Interest_Rate/100)^Periods

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Q: How do you calculate compound interest in foxpro?
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Related questions

What is different about compound interest from normal interest?

Normal interest is not calculated over a period of time. It is just the formula to calculate the interests gained. Compound interest is calculated over more time periods such as years.


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.


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Calculate the sum to which 6000 will amount in 5years at 12 percent per annum compound interest?

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Which type of interest is calculated by adding the interest earned to the principal?

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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 are the major differences between compound interest loan and simple interest loan?

With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.


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