Thank you, it was the fundamental understanding I was being a total dumb ass with. . Thanks for your patience and inputs, my old school lessons are finally reawkening from the recesses of my mind, 20 years on!
Greatly appreciated, Darren.
Thank you greatly but I am a total novice and whilst I am sure your explanation is clear to a knowledgeable person, I am not, in isolation therefore it doesn't mean a great deal. Could you maybe show the maths in long hand please? For example 2 cubed is 2 x 2 x 2=
8.
Please continue with...
Have this question in relation to some investment exam I am doing, I am a maths novice being some years since leaving school etc, ok enough of the excuses.
Example
FV = future value
PV = present value
R = interest rate
N = number of compounding periods
my PV is 6000 and my FV is...