The calculation for finding compound interest : Math : Development Flash / Flex / ActionScript examples

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The calculation for finding compound interest


 

cp is the number of compounding periods per year (12 if it is compounded every month)
t is the number of years. 

package{
  import flash.display.Sprite;
  
  public class Main extends Sprite{
    public function Main(){

        var nOrig: int = 10;
        var nRate:int = 2;
        var nCp: int = 3;
        var nT: int = 3;
        
        var nNew = nOrig * Math.pow((1 + nRate/nCp), (nCp*nT));
        trace(nNew);
    }
  }
}