If an invested amount and its accumulated interest is continually reinvested, its future value is the principle multiplied by one plus the interest rate raised to the number of periods the investment continues.

Name: If an invested amount and its accumulated interest is continually reinvested, its future value is the principle multiplied by one plus the interest rate raised to the number of periods the investment continues.
Brand: Quizplus
Rating: 4.9 (27 reviews)

Question

Quizplus · Accepted Answer

This is the formula for calculating compound interest.

If an Invested Amount and Its Accumulated Interest Is Continually