answersLogoWhite

0


Best Answer

The formula for the daily compound interest is B=p(1+r over n)NT as an exponent for the nt

B= ending balance

P= principal amound

r= interest rate

n= number of compounds per year

t= time( in years)

User Avatar

Wiki User

6y ago

Still curious? Ask our experts.

Chat with our AI personalities

JudyJudy
Simplicity is my specialty.
Chat with Judy
EzraEzra
Faith is not about having all the answers, but learning to ask the right questions.
Chat with Ezra
FranFran
I've made my fair share of mistakes, and if I can help you avoid a few, I'd sure like to try.
Chat with Fran

Add your answer:

Earn +20 pts
Q: What is the Formula for daily compound interest?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

WHAT does the carrot in the formula for compound interest means?

There is no carrot in the compound interest formula!


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.


What is better daily or monthly compound interest?

daily


How can I calculate compound interest using the compound interest formula in Google Sheets?

To calculate compound interest in Google Sheets, use the formula: A P(1 r/n)(nt), where A is the future value, P is the principal amount, r is the annual interest rate, n is the number of times interest is compounded per year, and t is the number of years. Enter these values into the formula in the appropriate cells in Google Sheets to calculate the compound interest.


What is the formula for calculating compound interest with monthly contributions in Google Sheets?

The formula for calculating compound interest with monthly contributions in Google Sheets is: FV(rate, nper, pmt, pv).


If the daily interest rate is 3.50 percent what is the annual interest rate?

3.5% interest compounded daily is equivalent to 3.562% annual yield.(It can't possibly be 3.5% daily. That would compound to 28,394,072% in a year.)


What is the formula for difference between simple interest and compound interest?

P(r/100)^2


What is the formula for daily compounded interest in MS Excel?

what is the names of a prism


Can you provide me with compound interest formula sheets?

The compound interest formula is A P(1 r/n)(nt), where: A the future value of the investment P the principal amount (initial investment) r the annual interest rate (in decimal form) n the number of times interest is compounded per year t the number of years the money is invested for You can use this formula to calculate the future value of an investment with compound interest.


What is the formula for a simple compound interest rate?

Simple Interest = p * i * n p is principle and i is interest rate per period and n is the number of periods. A = P(1 + r)n is for compound interest.


What is the PMT formula for compound interest and how is it calculated?

The PMT formula for compound interest is PMT P r (1 r)n / ((1 r)n - 1), where PMT is the monthly payment, P is the principal amount, r is the monthly interest rate, and n is the number of months. This formula calculates the fixed monthly payment needed to pay off a loan with compound interest over a specified period.


What is the Google Sheets formula for calculating compound interest?

The Google Sheets formula for calculating compound interest is: P(1r/n)(nt) - P, where P is the principal amount, r is the annual interest rate, n is the number of times interest is compounded per year, and t is the number of years.