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Monthly Compound Interest

on . Posted in Project Management Engineering

Monthly compound interest, abbreviated as MCI, solves for the future value of your investment.

 

monthly compound interest Formula
\(\large{ MCI =  P \; \left[ \left( 1 + \frac{ i }{ 12 }  \right)^{12\;t}  - P \right]  }\)
Symbol
\(\large{ MCI }\) = monthly compound interest
\(\large{ P }\) = principle amount
\(\large{ i }\) = interest rate
\(\large{ t }\) = time period

 

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