Your example did not compute the future value with simple interest. You just computed the future value of one year with compound interest. The formulas are:
simple= (1+it) and compound=(1+i)^t
and they are the same with t=1 year.
I don't think you know what you're talking about.
@jackiesanchai what do you mean you don't have time. if you have 10,000 now, with interest 6 percent, and the future value (FV) in N=3 years is just what that guy did in the video. so you get the future value from today to three years ahead.
Thank you as I just bought this calculator online and your video made this calculation so much easier for me.
stickcrayons 2 weeks ago
Thanks! Does anyone know if you can do the FV calculation adding dates component. i.e. you set a buy and sell dates (i.e. as a bond).
mroshal 5 months ago
why do you need to hit negative on these calculators? I don't get that.
kimvlaar 5 months ago
Your example did not compute the future value with simple interest. You just computed the future value of one year with compound interest. The formulas are:
simple= (1+it) and compound=(1+i)^t
and they are the same with t=1 year.
I don't think you know what you're talking about.
pgb5534 7 months ago 2
Comment removed
3581he 1 year ago
what if you don't have the time and your looking for the time??...how do u solve it?
jackiesanchai 1 year ago
@jackiesanchai what do you mean you don't have time. if you have 10,000 now, with interest 6 percent, and the future value (FV) in N=3 years is just what that guy did in the video. so you get the future value from today to three years ahead.
i.e. FV=?, N=3, i/y=6, PV=10,000
compute -->FV
kosmosleha 5 months ago
Hey man thank you for your video tutorial. Your explanation is actually better than the text book itself and you save me a lot of time.
Thanks
chidosaurio 2 years ago
You just saved my friends white ass. he will do anything to repay you. Hope you have a good day. sir. "COMPUTE, Yeah baby"
thextool12 2 years ago
this helped me a lot thanks
johnpdiddyo 2 years ago
Simple, quick but very descriptive.
Thanks a lot
KamakaziGeorge 2 years ago