Business Math - Finance Math (3 of 30) Compound Interest - The Formula (Compounded Yearly)

[@talashk615]

Michel you are simply the best, you know how to simplify things and put them in a real context. hats off to you.

[@HistorycalThinking]

Great lessons from this dude, you are perfect brother, I am surprised by how well and simply you express all of your knowledge! respect brotha

[@MichelvanBiezen]

Thank youl Glad you found our videos! 🙂

[@raicyceprine8953]

You're really good at teaching math. You're even better than other math teachers on youtube. I acknowledge your work, thank you for these😊

[@MichelvanBiezen]

Thank you. Glad you are enjoying the videos.

[@raicyceprine8953]

@@MichelvanBiezen woah I didn't expect a reply😂 but for real, it's actually great. I hope you keep on having the passion to teach

[@MichelvanBiezen]

Yes, teaching is my passion. I worked as an engineer to provide for my family, but teaching is what i like the most.

[@adeolaphillips808]

Just coming across your page. I have been having issues with finance maths for a long time. Coming across your page has been really helpful. God bless.

[@MichelvanBiezen]

Welcome aboard! 🙂

[@wilksakura651]

Thank you very much for this lesson on simple and compounded interest!!!!!! You explained it so easily and simply when i couldn't in class. Again your an amazing professor!

[@MichelvanBiezen]

You're very welcome! Glad it was helpful. 🙂

[@ПётрМорозов-ш4б]

Thank you! It is really helpful! In my uni I have professor, who can not explain anything. Here everything explained so good, that now I am thinking, how I could not understand it, its so easy!

[@CarlyDayDay]

I love this channel!

[@amongetshali5798]

Wow I like it your vidio and short and clear

[@MichelvanBiezen]

Thank you so much 🙂

[@Dietitionist.official]

Beautiful explanation sir.. Thank you so much.. Im new to the subject but i find it really easy now

[@mebedits9438]

Thank you I've learned so much in this channel 💗

[@MichelvanBiezen]

Glad you like it.

[@BabuleoEntertainment]

Great work what about monthly compound interest

[@MichelvanBiezen]

We have videos on that as well in the playlist. Keep watching. 🙂

[@qasimranjha158]

Sir I am fan of you. Thanks

[@sas-vh7ju]

Thank you so much for these videos!

[@gregorclegane2692]

THANK YOU SO MUCH. I LEARNED A LOT TODAY!^^

[@MichelvanBiezen]

You're very welcome!

[@marketplacereview34]

Thank your for the lessons, Professor! Pure GOLD!

[@its_nono8694]

This is awesome thank so much sir..

[@stamatimarlon6340]

I really do appreciate his bow ties

[@MichelvanBiezen]

Thank you

[@khen106]

A great help, Sir. Thank you.

[@doneiliragaba1266]

When I want to multiply the (0.05/1)+1 I don't know where in the calculator you click the x 3 to get 1.157625. If you could reply I would appreciate . Thanks for the Videos

[@MichelvanBiezen]

Your calculator should have a x^y button. Once you have 1.05 on the calculator, push the x^y button.

[@doneiliragaba1266]

@@MichelvanBiezen Thanks a lot for your response to the comment.

[@humansack7244]

Thank you sir

[@huzaimaarshad5649]

sir rate is given in percentage so it will be r upon 100

[@MichelvanBiezen]

The rate can be given as a percentage or as a decimal. 5% = 0.05 indeed.

[@lionans9443]

Best video

[@VSPG_SIVANI]

Thanks a lot, sir!

[@عشتار-ل7ب]

Very interested

[@MichelvanBiezen]

Thank you. Glad you liked it. 🙂

[@crissamariecabahug1610]

I noticed that you used the word 'Principal' on your Simple interest video and in this vid you used the word 'Principle'. I searched it online and it says these two words are different. Principal stands for the investment and the word 'Principle' stands for a rule, guideline , law or fact. Credits to the grammarly blog for the explanation.www.grammarly.com/blog/principle-principal/ Am I correct or are these terms just the same in finance? Thank you for your vids for you have helped me a lot. I am studying in advance by watching your vids.

[@MichelvanBiezen]

Yes, English is not my first language and these types of errors still sneak through

[@crissamariecabahug1610]

@@MichelvanBiezen Thank you for replying! Thank you for your vids too♥️♥️♥️

[@ricardoaldana2137934]

amazing

[@MichelvanBiezen]

Glad you liked it. 🙂

[@imjudgingyou7271]

Can I compound more than 1 time a year ?

[@MichelvanBiezen]

Typically, compounding is done daily.

[@SteamPunkLV]

so what hes saying is yes - you can compound more than once a year :P You can compound as many times p/y as you like

[@natoy9978]

thank you sir :)

[@MichelvanBiezen]

Most welcome!

[@Clifffffffffford]

Thanks!

[@eyalschnider]

hi,why you dont compound 12 monthes intrest to get 1 year intrest?

[@MichelvanBiezen]

It depends on the number of conversions per year. In this example we only compounded it once per year (1 conversion per year). This was done just as an example.

[@vukirikou23]

If I do (5/12)% per month, I will get approximately 8$ more than 5% per year. :))

[@peachyroopy8025]

thank you so much sir!

[@MichelvanBiezen]

Most welcome!

[@rafaelbawono8437]

still awesome

[@lonecyclone7173]

I didn’t know there are 52 weeks in a year so when he said compound weekly i thought he meant one week which is 7 days.

[@MichelvanBiezen]

365 / 7 = 52.14 (therefore there are 52 weeks in a year)

[@Gexash69]

Hi Michael. Your clips are so interesting. But the clips are out of focus. Thank you

[@MichelvanBiezen]

Yes, in the beginning we had to learn how to keep the videos in focus during changing light conditions and how our equipment worked.

[@zuriquinn5574]

Michel van Biezen how you calculated 1.05^3. I know that's easy what if the power is somewhat like 48 or something . how can we calculate as scientific calculators are not allowed in our exams

[@8dbeats414]

What is M ?? Can please someone explain me in short??🙏

[@MichelvanBiezen]

m is what we call "the number of conversions per year", which means the number of times per year we calculate interest and add the interest to the principle. For monthly payments m = 12, for daily interest calculations, m = 365

[@8dbeats414]

@@MichelvanBiezen thankyou sir 🙏...I was really confused...

[@eyalschnider]

1 year intrest is 12 simple intrest?

[@MichelvanBiezen]

Simple interest means that you don't compound it. It can be for any period and it is only calculated on the principal.

[@eyalschnider]

So if you compound 12 times 1% intrest you get 12% intrest for year?

[@alicer3271]

1 year = 12 months

[@curtpiazza1688]

🎉🎉🎉

[@MichelvanBiezen]

Thank you

[@joseafalvel]

AWESOME ¡¡

[@betht840]

awessssssssssssssssoooooooooooooooooooooooooooooooommmmmmmmmmmmmmmmmeeeeeeeeeeeeeeeeeeeee

[@magladonn4972]

lion

[@MichelvanBiezen]

LMU?

[@dainiellearnoldofficial3389]

STEM PA🤣🤣🤣