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Real Estate Glossary

Compound Interest

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Written by Luis Escobar

In contrast with simple interest, compound interest is computed on the principal and unpaid accumulated interest. To calculate this, you will have to multiply the starting principal amount by 1 adding in the yearly interest rate raised to the number of compound periods minus 1.

In contrast with simple interest, compound interest is computed on the principal and unpaid accumulated interest. To calculate this, you will have to multiply the starting principal amount by 1 adding in the yearly interest rate raised to the number of compound periods minus 1.

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Luis Escobar

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