compoundInterest

compoundInterest(principal, rate, periods) → number · Financial

Calculate compound interest (total amount after compounding).

• principal (required): initial amount

• rate (required): interest rate per period as decimal

• periods (required): number of compounding periods

echo '{"principal": 1000, "rate": 0.05, "years": 10}' \
  | utlx -e 'compoundInterest($input.principal, $input.rate, $input.years)'
# 1628.89 (approximately)

{
  futureValue: compoundInterest($input.principal, $input.annualRate, $input.years)
}