im in high school and im learning this but we learned this is simple intrest formula compund we learned is accumulated amount= principal times (1+intrest rate/period) ^ number of compound periods
@crank454 yeh... a million bux in 65 years probably won't be able to buy you much. But 9-12% every year can be done by investing in the stock market... as long as you do your homework. Think about it, most people go to work 40 hours a week to make a few thousand dollars every year... but if you do your personal financial homework, you could me making more than your salary every year with just a few hours work/week
I seriously need to get in on this.
loszhor 2 years ago
While looking for sites about compound interest I found your site on URPA Pt.3 Compound Interest.
whp23232 3 years ago
im in high school and im learning this but we learned this is simple intrest formula compund we learned is accumulated amount= principal times (1+intrest rate/period) ^ number of compound periods
imnotgovernorwatts 4 years ago 2
I agree with this except for:
- did not show how to earn 9-12% every year
- also you do not calculate/include inflation - erosion of the dollar
other than that nice video.
crank454 4 years ago 2
@crank454 yeh... a million bux in 65 years probably won't be able to buy you much. But 9-12% every year can be done by investing in the stock market... as long as you do your homework. Think about it, most people go to work 40 hours a week to make a few thousand dollars every year... but if you do your personal financial homework, you could me making more than your salary every year with just a few hours work/week
wendy2212 1 year ago
Why aren't classes like this drilled in to high schoolers instead of math that they will never use again? This is brilliant.
BrenttheGreat 4 years ago 3