timevalueofmoney
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How to Calculate the Future Value of Money?
You have deposited your $10,000 into an interest-earning saving account. The annual interest rate is 8%, and it is compounded annually. So in one year, your money will equal $10,800. Here how you calculate it: In your case: Let’s think that instead of one year, you deposit your money into an interest-earning saving account for… Continue reading
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My name is Cenk, and I am an economist. I write on this internet site on economics, econometrics, finance, value-investing, programming, calculus, basketball, history, foods, books, self-improvement, well-being and productivity. This internet site is a personal blog, and the posts reflect my personal views and do not represent where I have been working.
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Posts related to financial markets, trading, investing and similar posts are not for financial advice purposes.