minus-squaresubtext@lemmy.worldtoPersonal Finance Canada@lemmy.ca•Question about interest calculation (mortgage)linkfedilinkarrow-up4·22 days agoI can’t promise this is how the original site is calculating it, but I get exactly $412.39 of interest when I use half-yearly compounding: https://www.thecalculatorsite.com/compound?a=100000&p=5&pp=yearly&y=0&m=1&rd=0&rp=monthly&rt=none&rw=0&rwp=1m&rm=end&ci=halfyearly&c=1&di=&wi= linkfedilink
I can’t promise this is how the original site is calculating it, but I get exactly $412.39 of interest when I use half-yearly compounding:
https://www.thecalculatorsite.com/compound?a=100000&p=5&pp=yearly&y=0&m=1&rd=0&rp=monthly&rt=none&rw=0&rwp=1m&rm=end&ci=halfyearly&c=1&di=&wi=