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Bank deposit growth calculation
Initial deposit:
500
[USDin]
Annual interest in percents:
2
[prcInt]
Years of deposit:
5
[years]
Deposit plus interest:
round
(
[USDin]
*
(
1
+
[prcInt]
/
100
)
*
*
[years]
,
-
2
)
=
552
.
04
[USDout]
However, before you celebrate:
[USDout]
-
[USDin]
=
52
.
04
[gain]
...will probably be subject to tax to fix our roads,
fund schools, libraries, firefighters, etc.
Also, don't forget inflation.
Celebrate anyway. There are plenty of other reasons, no? :-)
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Batch edit
Bank deposit growth calculation Initial deposit: 500 |USDin Annual interest in percents: 2 |prcInt Years of deposit: 5 |years Deposit plus interest: round([USDin] * (1 + [prcInt] / 100)**[years], - 2) |USDout However, before you celebrate: [USDout] - [USDin] |gain ...will probably be subject to tax to fix our roads, fund schools, libraries, firefighters, etc. Also, don't forget inflation. Celebrate anyway. There are plenty of other reasons, no? :-)
This months's formula: basic two vector operations.
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