There are two formulas for calculating compound interest:
1, one-time payment compound interest calculation formula. F=P( 1+i)^n。
2. Compound interest calculation formula for equal installment payment. F=A(( 1+i)^n- 1)÷i。
F is the sum of the final principal and interest, P is the initial principal, A is the equivalent, I is the interest rate, and n is the number of interest-bearing periods.
Tips: The above explanations are for reference only.
Response time: 2021-12-13. Please refer to the latest business changes announced by Ping An Bank in official website.