A bank representative studies compound interest

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What Canadian Banks Don't Want You to Know About Compound Interest
Skip navigation. Bank of Montreal logo. closeSign In. Search box. Cancel. Country Selector. Flag of Canada CAYou're on B M O Canada website. Flag of Canada. The future value F F of an investment P P is F=P(1+i)n F = P (1 + i) n, where i i is the interest rate per period and n n is the number of. b. To find the interest when it is compounded annually, we can use the formula: Interest = Principal * (1 + Rate)^Time - Principal. In this case.

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