formula del interes compuesto del affordability calculator in javascript

Here is the formula for calculating compound interest in an affordability calculator using JavaScript:

index.tsx
let principal = 10000; // initial amount
let rate = 0.05; // annual interest rate
let years = 5; // number of years
let periodsPerYear = 12; // number of compounding periods per year

let total = principal * (1 + rate / periodsPerYear) ** (years * periodsPerYear);
let compoundInterest = total - principal;

console.log("Compound Interest: $" + compoundInterest.toFixed(2));
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In this example, the initial amount is $10,000, the annual interest rate is 5%, the investment period is 5 years, and the compounding periods per year is 12 (monthly compounding).

The formula used here is: A = P * (1 + r/n)^(n*t) where A is the total amount, P is the principal, r is the annual interest rate, n is the number of compounding periods per year, and t is the number of years.

The code block calculates the total amount using this formula and then subtracts the principal to get the compound interest. The result is then printed in the console.