Monthly Compound Interest Formula |
| \( MCI \;=\; P \cdot \left[ \left( 1 + \dfrac{ i }{ 12 } \right)^{12\cdot t} - P \right] \) |
| Symbol |
| \( MCI \) = monthly compound interest |
| \( P \) = principle amount |
| \( i \) = interest rate |
| \( t \) = time period |
Monthly compound interest, abbreviated as MCI, solves for the future value of your investment.
