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#1 Help Me ! » Compound interest on investment » 2013-08-22 18:49:43

CJVR
Replies: 2

I am new to the forum, so hello to everybody.  Please help, I would like to know the formula for the following situation:  The investor takes out an investment of $450 per month every month for 5 years, interest rate is 10% per annum, how do I calculate the total value after 5 years? This can be calculated easily on a financial calculator, but I would like to know the formula. Thank you.

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