Initial Investment Amount:
$
Annual Interest Rate (%):
0
5
10
15
20
Number of months the money is invested:
months
Total Compounded Interest:
$
25.29
The future value of the investment:
$
1025.29
Formula
Compounded Interest =
Initial Investment
(1+ r) ^ n
- Initial Investment
Future Value of Investment = Initial Investment
(1+ r) ^ n
r - rate per period n - number of periods
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