Hi everybody,(adsbygoogle = window.adsbygoogle || []).push({});

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 thefinal amountandtotal profitafterxyears.

and also thetotal amountafter 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.

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# Homework Help: Investment Calculator

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