That is very true. I had a cool maths teacher last year, she explained it step by step and I didn't need to watch youtube to learn it again (just going through my notes). But now, I have a different maths teacher, I have to watch youtube vids because I dont like the way how she teaches us...
tbh we could finish our work in like 3-5 months. But teachers beat around the bush so much to fill in all those days. But i guess there are people who need extra help
My teacher made us use khan acedemy vids but i couldnt understand shit and i started crying because it was competly different then how my teacher showed us
@@neverserious7837 I guess...in real life yes but with money you have to round down, not up. Yet for some reason my online math homework wanted me .666 to become .67 despite that not making any sense in terms of money. So annoyed....
@@nhnova1452 lol i mean somtimes we understand somtimes we dont so it teachers fault and also ours for not asking them and still we dont understand then its their fault (like me) and thats why we have online youtube teachers which is wayy better:)
After searching the web for a good video explaining this concept, finally I found yours. Amazing, walks through and fully teaches the formula, thank you.
this is useful shit, save as much as you can until youre 18 and invest that shit, learned from my dad that waiting until youre much older to invest is a big mistake
I GET IT NOW! Thank you. Watching other videos set me back in math for 50 years and I was brain stressed and so confused. Thank you for explaining this in the simplest terms. I now feel cool again. 😎
WOOOOOOOOOOOOOOOOW This is great, you explained very well for me and now I'm feeling confident enough when it comes to compound interest, thanks so much, keep it up, good job
i have this now in my module and all i see are formulas and numbers. the teacher provided an example but with no explanation at all. it's driving me crazy. thank you so much for this! ❤️
My teacher just plopped notes on our desks about compound interest and just said “read it”.. we all struggled to understand it to a point some of us put it in the recycling. Thank u
yo this dude is a live saver tysm he explained it so easily and the first question he did i understood everything in just 3mins and 50sec! tysm:) i subbed and liked
I had prior knowledge about interests and all,but I really started having huge cumulative interests from my Investments when I let my manager take full charge of my portfolio. That increased my ROI.
Portfolio management helps me articulate the right span to trade,either long term or short term,and the securities to Invest in for a greater chance at profit making.
Hello, Thank you for your explanation. I have a question though. Can this formula also work for as t=16 months with an interest of 300% over those 16 months? (monthly an interest of 10%) Or does it only work for a yearly calculation? Thank you in advance
wait, wait, wait. For example 1, how did u worked (1.05)^7 to get $1,407.10 the same for example 2.......? In other words, did u multiply 1.05 and 7 and multiply 1000?
are most people learning this in high school? I'm in 8th grade doing online school and i'm learning this. I'm guessing that's a good thing. This video really helped
Thank you sooooooo muchhhhhh! I used Khan Academy, a personal tutoring page, & also an organic chem tutor & still couldn't get it but thanks to you I understand!
man I was struggling to do this because my maths teacher couldn't speak english properly and he explained it the most difficult ways possible. I was stressing so much, but after this video i realised it was simple af lmao...
I am trying to put an Excel sheet together that shows my actual returns in my 401K. In that example, the interest earned is not static like in the video; it varies depending on market performance. I want to know how an account balance is compounded over multiple years with a fluctuation in percentage return. Ex: a balance in an ETF that returns an average of 10% over ten years. However, each year would've returned different percentages, so is the math really accurate if you just use the average, even though each year the principal balance would be different?
Question coach(or group): why is annual set at '1' and monthly '12'? 12 months in a year make sense but what if I wanted to daily (20 days) or 3-6 months? Thank you all for your help!
hello there, What if i am trying to find out how much money i need to invest to make $900 after 5 years and its compounded quarterly at 10% is there separate formula for that? My guess is I need to find out the Principle
