Compound Interest Calculator 12 Years

The formula for compound interest is:

A = P(1 + r/n)^(nt)

Where:

• A = the future value of the investment/loan, including interest
• P = the principal investment amount (the initial deposit or loan amount)
• r = the annual interest rate (in decimal)
• n = the number of times that interest is compounded per unit t
• t = the time the money is invested for, in years

Let’s say you have an initial investment (P) of $1000, an annual interest rate (r) of 5%, compounded annually (n = 1), and you want to calculate the future value after 12 years (t = 12):

A = 1000 * (1 + 0.05/1)^(1*12) A = 1000 * (1 + 0.05)^12 A = 1000 * (1.05)^12 A ≈ 1790.85

So, the future value of your investment after 12 years would be approximately $1790.85.