So maybe you have an investment, and you want to know what it will be worth in a few years? I will show you a method how you can easily find out.
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” – A. Einstein
The formula (by year)
Result = initial investment * ( 1 + interest rate) ^ number of periods
The formula (by Month)
Result = initial investment * ( 1 + interest rate/ periods per year) ^ (number of periods)