Kris Street
Kris Street
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Calculating Compound Interest From Net Monthly Salary
This video is designed to help you calculate compound interest from a percentage of your net monthly salary. It also looks at making an annual contribution for three years. Check out my website to help you with more budgeting and money management.
streetsbudgetproject.weebly.com/
มุมมอง: 324

วีดีโอ

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มุมมอง 7K3 ปีที่แล้ว
This video is designed to help you calculate compound interest on a single investment with annual contributions. Check out my website to help you with more budgeting and money management. streetsbudgetproject.weebly.com/
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มุมมอง 1423 ปีที่แล้ว
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มุมมอง 1753 ปีที่แล้ว
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Check out my website to help you with more budgeting and money management. streetsbudgetproject.weebly.com/
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Check out my website to help you with more budgeting and money management. streetsbudgetproject.weebly.com/
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ความคิดเห็น

  • @antionettejohnson2002
    @antionettejohnson2002 7 วันที่ผ่านมา

    Thank you so much 😊 .

  • @zulu3779
    @zulu3779 2 หลายเดือนก่อน

    An apartment complex I applied for calculated my annual income. When taxes season came I compared and they were off by 10k Because of there miscalculation I was able to qualify for the apartment

  • @kidsdeservethebest
    @kidsdeservethebest 6 หลายเดือนก่อน

    Is there a general formula for calculating 30 years?

  • @cantsleep4shet
    @cantsleep4shet 6 หลายเดือนก่อน

    take NINE hundred dollars off of my $2000 pay check, Im beating your ass

  • @anitawaddell6417
    @anitawaddell6417 7 หลายเดือนก่อน

    How do you calculate annual net income from monthly wage pls help me I’m definitely clueless I get about 1290 month not including my widows benefit of 220 within every month so I’m getting at best 1510 monthly but I don’t include widows benefit at all that’s my nest egg to hold on thx you

  • @andreastreet215
    @andreastreet215 9 หลายเดือนก่อน

    Thank you so much this helps out alot

  • @s.b.6010
    @s.b.6010 10 หลายเดือนก่อน

    There is a mathematical error. On the 3rd year the 788.13 + 39.4065 = $827.5365. Rounded up will be $827.54. If people followed along like I did this would confuse them. It’s simple Addition.

    • @krisstreet6188
      @krisstreet6188 10 หลายเดือนก่อน

      Thanks for your observation. I definitely looked at the cents of the previous answer and accidentally wrote it incorrectly. I wasn’t going to record the video again after I made the error.

  • @Mirabelle82
    @Mirabelle82 ปีที่แล้ว

    Can you make a slower video I don’t understand it

  • @mychellerodriguez6364
    @mychellerodriguez6364 ปีที่แล้ว

    This video was short, simple and straight to the point. Thank you!

  • @Euphoriaclips
    @Euphoriaclips ปีที่แล้ว

    What if you don’t get paid for lunch

    • @krisstreet6188
      @krisstreet6188 ปีที่แล้ว

      You would just subtract that time from your total hours and do the calculation the same way. Some people work 9 hours at the job but have an hour unpaid lunch. It would depend on how your employer covers lunch hours. Some people pay you over lunch and just give a half hour.

  • @mimip6947
    @mimip6947 ปีที่แล้ว

    Thank you so much.

  • @jonesshenita
    @jonesshenita ปีที่แล้ว

    Thank you

  • @umermehmil4326
    @umermehmil4326 ปีที่แล้ว

    Sir can you translate into urdu because I can't understand the English language

  • @JB-ot5eu
    @JB-ot5eu ปีที่แล้ว

    Thank you bud.

  • @naomihidalgo5881
    @naomihidalgo5881 ปีที่แล้ว

    The 5 days are like if you working all those day or should I just put 4 ?

    • @krisstreet6188
      @krisstreet6188 ปีที่แล้ว

      Ya you can change the days to whatever you want. If you only work 4 days then just times by 4. Hope that helps.

  • @PositiveGymCulture
    @PositiveGymCulture ปีที่แล้ว

    thank fuck i came across this man, other videos have to write a massive paragraph when it just so simple like this keep up your work!

  • @theab5867
    @theab5867 ปีที่แล้ว

    Literally helped me, thank you. I also appreciate you went straight to the point instead of 15 min introduction of the reasons why your posting. 😊

  • @WiseToTheLies
    @WiseToTheLies ปีที่แล้ว

    I LoL’d when I seen him using a calculator too. Like oh shit man, even teach doesn’t know basic math anymore.

    • @krisstreet6188
      @krisstreet6188 ปีที่แล้ว

      Pretty funny dude considering you looked up a video on how to do basic math for calculating your salary. Thanks for watching though. I’ll be sure to watch your videos on this stuff next time.

  • @innocent1401
    @innocent1401 ปีที่แล้ว

    Thank you great video

  • @Tigg333
    @Tigg333 ปีที่แล้ว

    Thank you 🙏🏾 for this video! It was very essential and helpful for me. I learned something new today.

  • @WadeProducts
    @WadeProducts ปีที่แล้ว

    What’s the formula to this ?

    • @nhitc6832
      @nhitc6832 ปีที่แล้ว

      the formula is A = Pr (r^t - 1) / (r - 1), where A is the final amount, t is time in years, r = 1 + i, and i is the annual interest in decimal form. in his case, P = 250; t = 3, i = 0.05, thus r = 1.05. Plugging those into the formula, you have: A = 250 (1.05) (1.05^3 - 1) / (1.05 - 1) A = 827.53 He's off by a few cents because of the repeated rounding, which will change the amount a little bit. Now, I must warn you that even though the formula above is correct in this situation, that's not how banks actually compute interest.

  • @JG-mz2lq
    @JG-mz2lq ปีที่แล้ว

    W

  • @Mr.Bendoverr
    @Mr.Bendoverr 2 ปีที่แล้ว

    Holy crap dude thank you

  • @anthonygalatolo4026
    @anthonygalatolo4026 2 ปีที่แล้ว

    thank you very much sir

  • @RelaxedPoo
    @RelaxedPoo 2 ปีที่แล้ว

    Is there no formula for this?

    • @Ulster2012
      @Ulster2012 2 ปีที่แล้ว

      yes

    • @brandonmitchell6776
      @brandonmitchell6776 2 ปีที่แล้ว

      @@Ulster2012 what is it?

    • @johnnytan7456
      @johnnytan7456 2 ปีที่แล้ว

      @@Ulster2012 dumb guy said yes and didn't give the formula💀

    • @nhitc6832
      @nhitc6832 ปีที่แล้ว

      the formula is A = Pr (r^t - 1) / (r - 1), where A is the final amount, t is time in years, r = 1 + i, and i is the annual interest in decimal form.

    • @alieninsectbass
      @alieninsectbass หลายเดือนก่อน

      @@nhitc6832 That formula does not factor in contributions tho. You need to add one more part to it I think.

  • @freshprinceofnightcity
    @freshprinceofnightcity 2 ปีที่แล้ว

    This was very helpful. When I was applying for a credit card, I couldn't understand what was my Gross Annual Income. Thanks

  • @michellebuggs4123
    @michellebuggs4123 2 ปีที่แล้ว

    How did you get that? Show from the beginning. Where did the 31, 000 come from?

    • @jammin5255
      @jammin5255 2 ปีที่แล้ว

      They got it from their other board but honestly it can be any number and just divide it by 12

  • @ashlindcruz4101
    @ashlindcruz4101 2 ปีที่แล้ว

    Ty so much

  • @him0075
    @him0075 2 ปีที่แล้ว

    My hero

  • @plasmathieve6303
    @plasmathieve6303 2 ปีที่แล้ว

    This dude helped me so much I swear

  • @palomag.6836
    @palomag.6836 2 ปีที่แล้ว

    was doing research when I came across this gem.. thank you for teaching me how to calculate, now, time to figure out how to leverage this info :)

  • @IDABAYAREA650I
    @IDABAYAREA650I 2 ปีที่แล้ว

    *Thank you so much! This is what they should be also teaching in school!!!!*

  • @bobdabuilder2424
    @bobdabuilder2424 2 ปีที่แล้ว

    Great vid

  • @dancinjazmine
    @dancinjazmine 3 ปีที่แล้ว

    Awesome just what I needed to know thank you

  • @jacksoncharles192
    @jacksoncharles192 3 ปีที่แล้ว

    I work 15 hours I’ll bring home 900 in need Help

  • @ChauToVal
    @ChauToVal 3 ปีที่แล้ว

    I in 12th gr, and i is struggle so hard . Thanks so mich !!

  • @AllPRAIZE
    @AllPRAIZE 4 ปีที่แล้ว

    Thank you sir

  • @williamjclinton2998
    @williamjclinton2998 4 ปีที่แล้ว

    Imma j post gibberish rn lkfdgofbnmnfmbnberhegr ewfwfuvjb gfgmnfgh jgp deorir flnsbwwye rhagavc fgyy6u uyuiik htyty5v aszxqq etjjkliytgfghj

  • @B6autify_m6
    @B6autify_m6 4 ปีที่แล้ว

    Can you make a video for biweekly

  • @sh1nobay
    @sh1nobay 4 ปีที่แล้ว

    thought it was going to be a bit longer process to figure it out , thank you for this

  • @JD8899-l9p
    @JD8899-l9p 4 ปีที่แล้ว

    Thanks man

  • @percussiveasmarts7695
    @percussiveasmarts7695 4 ปีที่แล้ว

    Thanks much.

  • @bigman9498
    @bigman9498 5 ปีที่แล้ว

    Thanks dude, you helped me out a lot in math for this problem I was doing. Greatly appreciated of you to make this video.

  • @GloGoodnesss
    @GloGoodnesss 5 ปีที่แล้ว

    thank you 🙏🏽

  • @lilinebabe3177
    @lilinebabe3177 5 ปีที่แล้ว

    Thank you

  • @Darkstar-ux5yo
    @Darkstar-ux5yo 5 ปีที่แล้ว

    Is this based on a weekly pay?

  • @ettawing5955
    @ettawing5955 5 ปีที่แล้ว

    Combined gross annual income.

  • @KALLURIVIJAYKUMARS
    @KALLURIVIJAYKUMARS 5 ปีที่แล้ว

    Screen is very far to see!

  • @MultiLisa10
    @MultiLisa10 5 ปีที่แล้ว

    I always forget how to do this and I end up asking my husband and he gets so pissed off so, thank you! If I forget I will refer back to this video if it still up! LOL!

  • @audreyaleyna7923
    @audreyaleyna7923 5 ปีที่แล้ว

    Thankyou so much you really helped I was so confused whaat it was