Wealth Expression

Growth Of Compound Interest

Given a wealth and a rate, frequency, and period, returns the growth of a specified-wealth's compound interest at a specified-rate and specified-frequency for a specified-period.

get/growthOfCompoundInterest

Request

  • Base URL: https://api.wegtultrarich.org/v1
  • URL: https://api.wegtultrarich.org/v1/growthOfCompoundInterest
  • Auth: none required

Query parameters

number required

a numeric amount with or without decimal places

OR
string required

a string with a local-formatted number (like 1,000,000) or shorthand (like 1M) with or without a URL-encoded currency symbol

Example:1000000000

Wealth is the amount of money to be described via this expression.

ratenumber float required
Example:0.01

Rate is the interest rate at which the wealth is compounded (one-third of the crux of this expression).

frequency'1' | '2' | '4' | '12' | '365' required

Frequency is how often the wealth is compounded (one-third of the crux of this expression): * 1 - Annually * 2 - Semiannually * 4 - Quarterly * 12 - Monthly * 365 - Daily

periodnumber required
Example:20

Period is the duration of time in years over which the wealth is compounded (one-third of the crux of this expression).

Response

a JSON object with response data

statusstring required

Example response

{
  "status": "success",
  "data": {
    "value": 220190040,
    "unit": "dollars",
    "phrase": "By $220,190,040 Over 20 Years",
    "sentence": "With 1% interest compounded annually, a person with $1,000,000,000 would grow their wealth by $220,190,040 over 20 years!",
    "scale": "This growth in their wealth — not the principal, just the interest they earned during this single period of time — is approximately 2.2 times the annual recurring revenue goal for a best-in-class startup company (≈$100M)."
  }
}

Changes

No recorded changes to this operation across all 1 revision of this API.