Action to Calculate Compound Interest #83
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Action to Calculate Compound Interest
Description:
Calculates the final amount and total interest earned using the compound interest formula
Inputs:
principal (Number) – Starting amount (e.g., 1000)
annualRate (Number) – Annual interest rate in % (e.g., 5)
timesCompounded (Number) – Times interest compounds per year (e.g., 4)
years (Number) – Duration in years
Outputs:
principal – Original amount (2 decimals)
amount – Final amount with interest
interest – Total interest earned
error (optional) – Message if inputs are invalid