matician - v2.0.0
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    Function compoundInterest

    • Calculates accumulated value using compound interest.

      Formula: A = P * (1 + i)^t

      Parameters

      • P: number

        Principal (initial amount)

      • i: number

        Annual effective interest rate (e.g. 0.05 for 5%)

      • t: number

        Time in years

      Returns number

      Accumulated value under compound interest