Add one line for each part of an invoice or debt. Additional lines inherit
the annual rate, dates and compounding frequency from Calculation Line 1 by default.
A = P(1 + r/n)nt
The title and description are included in the PDF.0 / 200
Calculation lines
Combined totals
Total principal
£0.00
Total interest
£0.00
Total accrued amount
£0.00
How compounding works:
P is the starting principal, r is the annual interest rate expressed as a decimal,
n is the number of compounding periods per year, and t is the elapsed time in years.
Interest is added to the balance at each compounding period, so later interest is
calculated on the original principal plus interest already accumulated.
Each line uses Actual/365, where t = elapsed days / 365 and
nt = n × t.
The interest rate used in this calculation was calculated using figures obtained
from the Bank of England.