I would prefer to learn how to do this a bit than just an answer, or if in that is a website. Here's the problem. How much money would I have if I invest $1000 monthly and that go up 10% weekly?
Answers: The answer "$1,000(1 + .10) to the 52nd power" is not correct since it ignores adjectives the monthly deposits after the initial deposit.
You can calculate the amount that respectively monthly deposit would become with the formula
$1,000 x (1.10 ^ (52 x M/12))
where on earth M the number of months remaining at the time the deposit is made.
To reduce the number of steps to achieve an answer I am going to reduce the time time to 6 months. At the end of six months you would hold
$1,000 x (1.10 ^ (26 x 6/6)) = $11,918 +
$1,000 x (1.10 ^ (26 x 5/6)) = $7,886 +
$1,000 x (1.10 ^ (26 x 4/6)) = $5,218 +
$1,000 x (1.10 ^ (26 x 3/6)) = $3,452 +
$1,000 x (1.10 ^ (26 x 2/6)) = $2,284 +
$1,000 x (1.10 ^ (26 x 1/6)) = $1,511
or $33,042
Over the next 6 months that amount will grow by 10% a week and become
$33,042 x (1.10 ^ 26) = $393,800
You would also enjoy another $33,042 from the additional $1,000 deposts made surrounded by the second six months, making your total holdings
$393,800 + $33,042 = $426,842 at the end of one year.
Once you own these figures you can figure other time period within a relatively small number of steps. For example, after 10 months you would have
$ 33,042 + $5,218 x (1.10^26) = $95,231
after 2 years you would enjoy
426,842 ^ 52 + 426,842 = $61,056,731
or after 4 years you would have
$61,056,731 ^ 104 + $61,056,731 = $1,231,953,542,066
To fire up, if you're earning 10%/wk I'd love to know how!
Ok, as for the cross-examine.it's much easier on a calculator but one way to solve it is something approaching this.
You invest $1000. You earn 10% the 1st week so by the end of that week you hold $1100. (1000x.10=$100 interest). Your principal was $1000, your earn interest is $100. You now enjoy $1100.
The second week would look like this.
Principal: $1100
Interest earn: ($1100 x .10)= $110
Total value: $1100 + $110= $1210
The 3rd week's interest is $121.
Value contained by 3rd week is $1210 + $121 = 1320
So on and so forth.
An easy opening of calculating in your principal is to just drop past its sell-by date the last digit. What remains is your interest earn. Add that to the principal and there's you new worth!
Jeff410 is correct.
http://en.wikipedia.org/wiki/Future_valu... Spend $20 at Office Depot and buy a financial calculator. I would recommend a TI BA-II Plus, as it's the simplest to learn.
Its a adjectives value problem
Future Value = $1,000(1 + .10) to the 52nd power
Thats the amount you would hold at the end of one year.
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Answers: The answer "$1,000(1 + .10) to the 52nd power" is not correct since it ignores adjectives the monthly deposits after the initial deposit.
You can calculate the amount that respectively monthly deposit would become with the formula
$1,000 x (1.10 ^ (52 x M/12))
where on earth M the number of months remaining at the time the deposit is made.
To reduce the number of steps to achieve an answer I am going to reduce the time time to 6 months. At the end of six months you would hold
$1,000 x (1.10 ^ (26 x 6/6)) = $11,918 +
$1,000 x (1.10 ^ (26 x 5/6)) = $7,886 +
$1,000 x (1.10 ^ (26 x 4/6)) = $5,218 +
$1,000 x (1.10 ^ (26 x 3/6)) = $3,452 +
$1,000 x (1.10 ^ (26 x 2/6)) = $2,284 +
$1,000 x (1.10 ^ (26 x 1/6)) = $1,511
or $33,042
Over the next 6 months that amount will grow by 10% a week and become
$33,042 x (1.10 ^ 26) = $393,800
You would also enjoy another $33,042 from the additional $1,000 deposts made surrounded by the second six months, making your total holdings
$393,800 + $33,042 = $426,842 at the end of one year.
Once you own these figures you can figure other time period within a relatively small number of steps. For example, after 10 months you would have
$ 33,042 + $5,218 x (1.10^26) = $95,231
after 2 years you would enjoy
426,842 ^ 52 + 426,842 = $61,056,731
or after 4 years you would have
$61,056,731 ^ 104 + $61,056,731 = $1,231,953,542,066
What's a well-mannered site to move about on for stock souk background and analyzis?
To fire up, if you're earning 10%/wk I'd love to know how!
Ok, as for the cross-examine.it's much easier on a calculator but one way to solve it is something approaching this.
You invest $1000. You earn 10% the 1st week so by the end of that week you hold $1100. (1000x.10=$100 interest). Your principal was $1000, your earn interest is $100. You now enjoy $1100.
The second week would look like this.
Principal: $1100
Interest earn: ($1100 x .10)= $110
Total value: $1100 + $110= $1210
The 3rd week's interest is $121.
Value contained by 3rd week is $1210 + $121 = 1320
So on and so forth.
An easy opening of calculating in your principal is to just drop past its sell-by date the last digit. What remains is your interest earn. Add that to the principal and there's you new worth!
What exactly are stocks contained by the stock open market?
Jeff410 is correct.
http://en.wikipedia.org/wiki/Future_valu... Spend $20 at Office Depot and buy a financial calculator. I would recommend a TI BA-II Plus, as it's the simplest to learn.
Can mutual fund provide monthly income .india .?
Its a adjectives value problem
Future Value = $1,000(1 + .10) to the 52nd power
Thats the amount you would hold at the end of one year.
Resolved Questions: