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Simba

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Posts: 4

Compound interest with premium growing

Hi

I would like to know if there is a formula/function to calculate the
following:

Start premium per month - eg $150
Premium increase per year - eg 5%
Number of years - eg 20years
Interest rate per year - eg 8%

I would like to have the end result, or final total amount and the formula
or function to calculate it, thanx.

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