RE:Can somebody explain me how this works?
by on Oct 06, 2007 07:00 AM Permalink
The algebraic formula I like to use is A=P(1 (r/n))^nt where A = total amount, P = initial amount of deposit, r = rate of return, n = how often it is compounded ( ex. if compounded quarterly "n" would equal 4, annually would be 12), t = time in years. Hope it helps.
