- #1
neik
- 15
- 0
Hi everybody,
I have given an equation to calculate the final Value (FV) of an investment as follows:
[tex]FV= Principal*(1+{R/N})^{NT}[/tex]
Where:
Principal = initial investment amount,
R = annual interest rate,
N = number of times compounding is performed per year; this can be quaterly (4 times), monthly (12 times), or daily (365)
T = number of investment years
i was asked to find the final amount and total profit after x years.
and also the total amount after the first month, second month, third month, etc...
actually I'm learning VB6 now, and i have no idea about this equation
can someone give me some hints to solve this?
thanks in advance.
I have given an equation to calculate the final Value (FV) of an investment as follows:
[tex]FV= Principal*(1+{R/N})^{NT}[/tex]
Where:
Principal = initial investment amount,
R = annual interest rate,
N = number of times compounding is performed per year; this can be quaterly (4 times), monthly (12 times), or daily (365)
T = number of investment years
i was asked to find the final amount and total profit after x years.
and also the total amount after the first month, second month, third month, etc...
actually I'm learning VB6 now, and i have no idea about this equation
can someone give me some hints to solve this?
thanks in advance.