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In this video I will find the accumulated amount of a $2000 investment compounded daily.
Next video in this series can be seen at:
Business Math – Finance Math (5 of 30) Compound Interest – Daily Compounding | Onlyinvesting.info
By onlyinvesting.info
Mar 5, 2015
Thank you. This was helpful, and much easier and to the point than many others.
Year has 360 days and month bank has 30 banking is a banking convention.
Thanks for the effort, I seem very useful to me. Especially physics courses
could you please specify how do you do the calculations at least on the board so people see how you do the calculations. i cannot understand your add up 1 definition i cannot guess what you mean.
is it possible to write the calculation formula here?
Awesome
Thanks!
Yes but if you do business with me you will get more money. I compound ‘secondsly’! You will earn 3 more cents 🙂
This gets you 3 wishes at a water fountain or 3 engraved pressed pennies at the nearest cavern. Or you can get 1 wish and 2 engraves. Or 2 wishes and 1 engrave. Or you can do the opposite thus giving you the brand total permutations to 3! = 6.
6 different ways which is more than the 3 pennies you started with. What are you waiting for???
I appreciate this guy💯
awesome sir… awesome
Awesome lesson sir! But is it necessary to use a calculator with business math? This is gonna come out in my college entrance test but i heard calculators weren’t allowed so i’m having doubts…
What if you invest money on a daily basis?
GOD bless you sir
thank you@>)—>)————-
2:38 such a beautiful golden ratio there!!
Just found this video❤❤thanks for this explanation ❤❤
Watching from guyana🇬🇾🇬🇾🇬🇾
How would you calculate what you earned daily? Lets say the APY of 10k compounded daily for 1 year is 10,100.50, how would i figure out how much interest i am being paid daily? I figured dividing the APY (10,100.50) by 365 would do it, but that calculates to about 27 bucks, which wouldnt makes sense since 27*365 would be a lot more than 100.50 dollars. So i figured i had to divide by 365 times the hours in a day, and that made more sense, but i am not sure if that is how it should be calculated. Thanks in advance.
Teacher ! what was your Major in University? you seem to Know everything in the world. From Astronomy to Finance. OMG.
Hi! I have a question, I don't really know what to use as the days. Should it be 365 or 360 days?
I also have another question, let's say the bank offers compounded interest daily and it is credited on my bank account monthly, is there a formula to be used to find what I earned for the year?
Thank you very much! I'm from Philippines!
Thank you very much.
what if your t = weeks and not years? what do you do? HELPPPPPPP
Now, if we deposit $500/month to that principal. How the formula change?
What if it was compounded daily for 28 days instead of 3 years what the formula would look like?✅
Can you solve this example sir
Find the interest on $800 at 7.5% annually, compounded daily for 28 days
The answer is 4.62 (compounded interest)
HOW!! And what is the formula ?
This is obviously wrong. Completely wrong. I'm surprised by the fact that anyone didn't see that.
He is the best. Pandemic was like a darwinian selector for guys like Michel. Great youtubers like him got the attention deserved. I follow him since 2014, and always thought why he had not more subscribers
Very intuitive the letter m equals conversion rate wow what the f*** m equals m
I'm getting a different answer when Im calculating I'm getting 1.161822307 instead of 1.161822305
Ooh noo! We've been had by the banks!!! 😮 😂
Why not 365.25? Over time that will be more accurate.