To visit an online calculator for this purpose, go to matrixlab-examples.com To download the presentation, go to: www.slideshare.net I'm gonna show you how to calculate the compound interest. It has to do with financial math. Let's solve this problem... we're asked to find the amount of an investment if 40000 are invested at 6.5% compounded monthly for 5 years. We have to note the principal, the annual rate, the number of compounded periods per year and the total time in years. This is the formula to be used: p is the principal, r is the annual rate, n is the compounded times per year, and t is the total time in years. The formula finds out the amount of money that you'll have after those years. In our case, the principal is 40000, the nominal rate per year is 6.5%, the number of compounded periods per year is 12, and the total time is 5 years. Let's use the calculator that we have prepared for this purpose: matrixlab-examples.com We just fill in the blanks with our data... we enter the principal, the interest rate per year, the number of compounded times per year, and finally the total time in years... We can modify the numbers just to study other scenarios or cases... and we get the final amount with compounded interest. Thank you for watching!
Keywords: compound interest, financial math, finance calculator, jjasso
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