Interest, depreciation, savings, loans and bonds — the whole CAPS financial mathematics section. See the formula, the answer, and a full repayment schedule for any loan. Free, no sign-in.
Solve for
Compounding frequency
Method
Principal P (R)
Annual rate (% p.a.)
Time (years)
Future Value (A)
R 14 898,46
Formula
A=P(1+i)n
Notation
i = annual rate / m n = years * m m = 12 periods/yr