Hi, I want to ask about the concept of the annuity. It is said that the amount of money that is being deposited regularly is compounded monthly by the amount of the annual interest. My question is, why In the second month (2nd term) the amount that is compounded is $100? (minute 07:26) Shouldn't it be $100.5? Because the value of my savings from the first month is 100 + the monthly interest of 0.5%, thus in the 2nd month, my deposit account will grow to $100.5, which should be compounded by the monthly interest of 0.5%
Cosmos Touring wishes to replace its luxury bus in 10 years byaccumulating funds in a special account. The new bus is expected to cost $180,000. How much must Cosmos put into the fund in equal, end-of-year amounts if earnings are expected to be 8% for the first 4 years and 10% thereafter?
thank you. fast way to calculate interest earned without going through the whole calculations
26:23 That’s a very relaxing break lol
This man deserve more just any one has to keep patience
Just keep patience
Thank you soo much for this video.. self study is hard but you explained so well..
THANKS FOR THE DERIVATION !!!
I always got the correct answers to my assignment.. thank you so much
You saved my life , thanks
Hi, I want to ask about the concept of the annuity. It is said that the amount of money that is being deposited regularly is compounded monthly by the amount of the annual interest.
My question is, why In the second month (2nd term) the amount that is compounded is $100? (minute 07:26)
Shouldn't it be $100.5? Because the value of my savings from the first month is 100 + the monthly interest of 0.5%, thus in the 2nd month, my deposit account will grow to $100.5, which should be compounded by the monthly interest of 0.5%
The formula of interest compounding used in bank is not right to be applied in stock's intrinsic compounding.
Thank you very much content understood
Thanks sir
very helpful video...didn't find anything close to this on YTB
Well done sir
Cosmos Touring wishes to replace its luxury bus in 10 years byaccumulating funds in a special account. The new bus is expected to cost $180,000. How much must Cosmos put into the fund in equal, end-of-year amounts if earnings are expected to be 8% for the first 4 years and 10% thereafter?
thanks for this video. this really helped me :)
You tube is very useful 👌 to me
thanks
I want talked to you sir
Thanks sir