$5000 is invested for 10 years at 6% compound annual interest - how much did the investment earn? 

Good stuff. Run this forward... And by the time you hit year 22 you start making $1000 annually in INTEREST, kids. :D Thanks for sharing!

All my life this simple formula eluded me but I get it 40 years later.

Don't care what the answer is...just tell me who is giving you 6% so I can invest there as well.

Formula is P=P(1+R/100)the whole to the power of 10. The answer is new Principle minus the initia one gives how much you earn as interest

Hello, do you have or could you recommend a great program (to practice math over and over) to study college algebra for a clep test, thank you so much! Great video.

5000 x 1.06^10 =8954.24 $3954.24 gain, or 79% gain over 10 years.

Greetings from the BIG SKY. This is the math I used in a program I wrote.

I am so grateful for my 7th grade math teacher, I am SOOOOOOOO financially wise because of the TIME he INVESTED in his students. So grateful for awesome LEADERS like yourselves.

It's definitely powerful mines went from 36 cent 1.80 4.45 in 3 months might be looking at close to 10 dollars next month

That's if you stop adding to your principal... keep adding to it you will reach your goals before 10 years

who pays my account the compound interest the stocks or the brokerage account. how and when is it paid out monthly?

Though it's often repeated, there's no valid source for that Einstein "quote".

How did you get that when I do 5,000 x 1.79 on my calculators it say it's $8,950

cannot recite formula but it's easy to find on the internet: "compound interest formula." A one semester college class for professional engineering focused on money and interest. It was an amazing class and a real eye opener. Just because you have a structured settlement for 10 years at $1,000 a year doesn't mean you qualify at the beginning for a lump sum of $10,000.

Where did you come up with the 1 (1+.06)?

6/100* 5000 = 300. new baland First Year is 5300 now 6/100 * 5300 = 318 and Year NB = 5618 kind Compound 8 more years

5,000*1.06^ 10=$8,954.24, so return on investment = $3954.24 & return of investment = $5000….

Thank you!

Actually- $3,954.24

You should have made it simple and done it on a calculator as a visual memory aid Good video though!

$3,954 earned.

Can give an examples $500 for 2 yrs @20%

My calculator tells me that 5000x 1.79 equals 8950 exactly. Should I get a new one?

we only have to figure out which law to apply

Great

At what tax rate… final income isn’t what you earn it’s what you get.

well we have to include inflation

13:15donereplayed

Far to much talk, how many times do we need to here compound exponential, not more than a couple of times. Get to the math

Create your own APY by opening up multiple savings accounts no single account gonna offer 6% ...go get this bag he trying to teach you to get

Complicate.

What will happen if money and things become valueless?

that's easy, just follow your instincts