Compound Interest (Future Value)

[@wanidabountathip4861]

The answer is wrong on the first example. It's supposed to be 1161.62 because you use the percentage wrong. The percentage is supposed to be .0025 not 0.025

[@Seaspray127]

You are right. I noticed that when I did the calculations along with him. It was a good explanation, though.

[@yashchanne5649]

@@excelgoldsmith9109 10,000 x (1.75)^5 - 10,000 = Total return in 5yrs compounded.

[@tapone6621]

THANK FCKN YOOOOOOUUUUUUUUUUUU!!!!

[@ad_uke]

It doesn't matter learn the concept

[@saabirinhassan1870]

Ya I noticed that too🥺👉🏽

[@Evangelionism]

I really, really like how you take a moment to explain things, sometimes even in depth, without becoming tedious and difficult to comprehend. I'm sure other KZbinrs as well as myself can appreciate the appropriate pacing as much as the brief explanation of previously used definitions (i.e., "amount" is now called "FV"; and "PV" used to be called "principle"). Thank you.

[@Nabifroese]

thanks for your kind words!

[@heatherasaro7496]

OMG you're like the Bob Ross of math! I haven't taken math for 20 years and I've been tearing my hair out all day trying to figure this out from my textbook. This was soooo much easier to learn from you, and your calming voice really helped bring down my stress level too! Thank you!!

[@michaelfulkerson2486]

Bob Ross! Haha!

[@michaelfulkerson2486]

Bob Ross! Haha!

[@madushanka5159]

So what

[@Nabifroese]

I had to google who Bob Ross is... very funny! Thank you for the compliment! I wish my hair was like Bob Ross too :)

[@lovelyuff]

Heather, I'm listening to this masterful poet-genius of Time Value of Money and think, This guy is the Bob Ross of TVM. I begin scrolling down and your reply is the absolute first thing I see. I bout died. Just left. The universe knows our kind!

[@HotdogFish1]

If you still read the comments on this video, thank you so much for your time and effort you put in this video. You have change the lives of many people!!

[@Nabifroese]

Thank you!!

[@marcrodriguez8894]

I've been struggling with this Math test for 3 days just by looking at the module. I got nothing else than headache. Not until today when I found this video, Great teacher, you made it so easy to understand. THANKYOU!

[@Nabifroese]

I'm glad you were able to find these videos, and to reduce your headache! Thank you.

[@alsalA1]

Wow. Great teacher! I have wanted this information all my life And until today I didn’t think to type it into KZbin. This video was so enlightening thank you so much. Now that I know this, I realize I can understand math. Your calming voice and colorful scribbles made it magic for me. Thank you again.

[@Nabifroese]

Glad it was helpful!

[@danielleymartin9730]

Yoi did a FANTASTIC job explaining how to calculate compound interest. I hsve always HATED math and never gotten it. But I now understand AND was able to explin to my teen in grade 11, whom I was helping, on how to do it.

[@Nabifroese]

So good to hear! Sorry for the somewhat late reply, ha ha.

[@TruleeBlest]

I wish you could teach my class. I got more from this video than from reading my book. You have the pace, I LOVE and explain so someone like me can understand. THANK YOU.

[@Nabifroese]

That's great to hear I appreciate that! Thanks.

[@miriamabukmeil31]

i have never felt soo calm doing math. literally love u

[@Nabifroese]

Thanks!

[@MathipaChepape]

I now understand the formular after watching your video just once. Yoo i am lucky i found you. I was using my text book example and watched several other videos but before i can even finish watching yours i got it all right. AMAZED. Thank you Thank you Thank you

[@Nabifroese]

so glad to have helped you, thanks for your kind words

[@undyingshithead2182]

This is like the first ASMR about Math. Thank you for your great explanation! :D

[@Nabifroese]

I had to google what ASMR is... very funny! Hope I didn't make you fall asleep. Although..... sleep is good :)

[@MultiVisualeffects]

I spent all afternoon going through videos explaining compound interest, and still didn't get it right. This video actually explained the formula easily. thank you!

[@AuraPnumonic]

You teach this better than my teacher did man, much appreciated and well done video!! Way easier to understand thanks a lot!!

[@kooroshtg4419]

you're the greatest math teacher I have ever seen

[@Nabifroese]

wow!!!! took me too long to say "thank you"... sorry!

[@eddieatum617]

Wish I'd known your teaching years ago.. most simplified post I've seen on here.. thank you sir..

[@Nabifroese]

You are most welcome

[@estherhounsell8579]

I have an Accounting Exam tomorrow...I haven't been able to figure this out FVnuntil I watched your video. Your voice is calming, your teaching is good and I like the use of colour and tips to pause etc...Great Job :)

[@Nabifroese]

I hope you passed your exam!

[@pamelaphillips9308]

Thank you! Your explanation has made learning this so much easier.

[@TirtheshwarSingh]

Nice and clear voice with easy explanation. Thanks

[@Tustada352]

I'm so grateful to come across this video. Thanks again for your time ;)

[@TheEden55]

You are one of the better teachers!!! Why don't you please do more videos???? Please????!!!!!!!

[@abdullahalruwaili6825]

it's really helpful for me cause your explanation very easy to get the point

[@saulnachandwe5053]

Excellent Sir, let me do My assignment now

[@victorlim1450]

I finally understand compound interest. Thank You!

[@Nabifroese]

you're very welcome!

[@arrehbhai]

Thank you for teaching us. This video is really effective for me. I really want this kind of video that tech me in details.

[@Nabifroese]

I'm glad the video helped you.

[@kikabeaudin9934]

You have sucha soothing voice, its much easier to learn from you rather than in school :D

[@christaslaptop5751]

I really like the way you broke everything down to my understanding. You have made one o my lesson so easy to complete. Yes, there was a mistake but it is still a good demonstration. THANK YOU

[@Nabifroese]

Great to hear!

[@alau008]

Nice. i have watched 3 videos about compound interest. yours is the best.

[@Nabifroese]

Happy to hear that!

[@raymondbenny8322]

Great explanation. You even explain better than my lecture.

[@Nabifroese]

Glad it was helpful!

[@CT-mc3sy]

Wow, I was sleepy watching other videos, but yours was so clear that I woke up. Thank you!

[@Nabifroese]

amazing! I should call my channel "math caffeine!"

[@gerobsoska9498]

To be honest, I was watching dozens of videos of this problem; however it was hard to understand them! You started the video with the most usefull information, and made easier to understand the problem as a whole. It was impotant to understand the words, so I was able to solve it. Thank you!

[@Nabifroese]

awesome! you are most welcome!

[@FaithWarrior00]

I'm honestly bad at math, and I tend to forget most of the formulas I learn on occasion, so this serves as a good refresher for my memory. Thanks!

[@elizabethj3385]

Thank you! You explained it thoroughly! I appreciate the fact you showed the calculator. Thank you again!

[@wafaaahmed9939]

amazing ,easy and very clear video, now I understand how to do it, thank you

[@Nabifroese]

thanks!

[@nikkismith9130]

Thanks for clarifying your mistakes... yes we all make them.. I'm just thankful that you took the time to help us students out!!! Thanks again sir!

[@dreadheadgunguy5095]

Thanks for this 8 year old video that’s helped me more than my actual teacher

[@Nabifroese]

Glad it helped!

[@ashishchaudhary5950]

Today this video was very helpful. Thank you❤

[@Nabifroese]

Glad it was helpful!

[@riyaomar437]

Tried doing the first question along the video but I got a an answer which was different. I looked back again and realised that 0.03/12 isn't 0.025 but 0.0025. I think there is a small mistake in the video when the interest was divided by 12. Using the formula I got $11611.62 2d.p. If I'm wrong please correct me. 👍for the video.

[@naxpro3]

You are correct. lol.

[@chakolat9454]

You are correct

[@tmartin2031]

Thank you so much, you did a great job explaining even with the mistake, I make those all the time ;)

[@paulettewilliams701]

Awesome explanation. You made it so clear. Great Job!

[@mahendrapanikkar9540]

If we noticed the error, we have learnt. Learning is important.

[@keziah9243]

was it when he divided 0.03 by 12 and it gave him something else????????????

[@Nabifroese]

great attitude Mahendra!

[@Ramaidrissi]

Thank you I can now understand the compound interest

[@freddiesims1006]

Thank You so much!!! You explained everything and made it very simple....good Man.

[@g1n025]

Thank you so much for this you explained the parts i didnt understand better than when my teacher tried to explain it twice to me

[@Nabifroese]

Glad it helped!

[@kelvinchong1969]

its 0.0025 not 0.025 thats why i cant get d answer.

[@kelvinchong1969]

for d 1st question

[@orangeblock3792]

kelvin Chong THANK YOU!!! His calculations are off!

[@Brian67588]

I like the comment at around 11 mins 10 sec. "So when you invest 1000 dollars you get, wow, that's pretty good".

[@letswatchwithMAK]

i also got this one the value is quoted wrong

[@ahlamnasir2918]

@@Brian67588 hahah ya me to

[@MsTrinidadgirl]

i totally understand how to do this topic now..thank you for doing this video

[@hannahparkins628]

Helped me so much, thank you xxxx my heart broke at all the apologies

[@DardauDMS]

Thanks very clear and straight to the point

[@amitjaiswal1416]

Thank you so much sir I always watching your video I like very much your teaching system

[@vipulraut5996]

I thank you -was very helpful. Have a happy new year 2021.

[@Nabifroese]

Thank you. Happy New Year to everyone! It's not easy during a pandemic!

[@kimsassenberg]

Thank you so much for making this so easy to understand!

[@hazelnarvaza3681]

How to get the length of time?

[@carlenealcoser5012]

thank you very much! it's of great help! best explanation ever. I even got the chance to practice with you.

[@Jehovah011]

Thank you 🙏 Sir

[@AZDAN27]

Thanks for sharing I am using my husbands acct and was looking for help with my finite math course in college...this is awesome!

[@_WithLoveLadyM_]

Thank you, I understand much better now

[@luisthesailor]

very nice class and very friendly ...thank you

[@dotienthinh6376]

Thanks you so much, I found a number of videos but this one is easiest to understand and nice voice. This helps me a lot. I subscribed your channel btw!

[@maraldzheenbekova3336]

Amazing so amazing, especially with WORDS (I had huge problems with them)

[@bammimapan8625]

Hey, thanks for making this video. It's really helpful. However I noticed 8:21/15:34 of the video, the calculation showed 0.03/12 = 0.0025 but you accidentally wrote 0.025. Just want to share in case anyone got confused :) Thanks again.

[@Nabifroese]

Yes, you are right. I am unable to edit this video because if I do it changes the link for the video and many people would be upset with me as they are linking to it from their websites. The description for this video lets you know about this error but not everyone reads the description lol. Thank you for being kind while at the same time letting me know about the error! Some people are not so polite when an error is found, and the truth is we all make mistakes once in awhile!

[@danndaffi4471]

Thanks ideal explanations please continue to do this work

[@Nabifroese]

Thanks, will do!

[@najla9180]

I'm sorry but why do we divide the interest rate by the compounded period? do we have to do this on the financial calculator? i'd appreciate it if you could help

[@Nabifroese]

Financial calculators automatically divide the interest by the compounding period! When we use a formula we have to do it ourselves. Why? Because interest is yearly and compound period is usually NOT... so we have to cut the yearly interest into "chunks"!

[@najla9180]

Nabifroese Got it! Thank you so much for the explanation!

[@shahadaff178]

Great video! It was really confusing before....but it is well understood Thank you so much.

[@mamadousanoussybayo8336]

Very good explanation thank you it is very helpful

[@belovedofGod25]

Thank you sooooooooooo much for making this easy to understand!

[@Jacky_Raider]

You're a godsend, thank you so much, also you have a great voice for these kinds of videos haha.

[@Nabifroese]

Wow, thank you!

[@Nina-yj6cu]

Thank You!! You explain the Compound Interest process soooo.....Well. :)

[@excelgoldsmith9109]

Thanks for the clear explanation.

[@Rue_IDK]

great and straight forward explanation, thank you!

[@philipgao7648]

great explanation! thank you for your help. now i understand better.

[@geetanjalikapoor3725]

Excellent video! Thanks a lot!

[@aashmachapagain8342]

Thank you very much for this video is very help full me

[@toricolebourne5980]

Thank you! Your a good teacher!

[@loribean1903]

How do I use the table for future value for semi annually

[@Nabifroese]

Instead of 12 rows on a table to show monthly interest, you just use two rows per year for semi-annually. Thanks for watching! I do have a video that shows tables relating to simple and compound interest in case you want to see more of a table format. Take care!

[@mdsaidulislamsayed1136]

your video is a life a saver for me dude!! cheers ;)

[@alejonathan6028]

thanks a lot for your awesome lecture despite error in figure i understood very well thanks big up

[@gjonesii]

Very clear explanation. Thanks

[@sima11shelke10]

Thank you for sharing ❤ Intitutive

[@Nabifroese]

Most welcome!

[@mukhtorjonmuradjanov3672]

may be I did not know about smith but in second problem we needed to divide by 4

[@mensaheugene3730]

you are such a genious u made me understand it well tanks

[@623Court]

This was so helpful! OMG thanks :)

[@candicemcglen9702]

You just made this so clear for me! you were blessed with a gift truly. Thank you

[@Nabifroese]

very kind, thanks so much

[@blessedbythebest24_7]

Hi, for an example if PV =410.71, FV=1817.91, NUMBER OF PERIODS =17, HOW CAN I FIND THE INTEREST RATE ON A TI83PLUS CALCULATOR? Thanks

[@Nabifroese]

Hi there! I recommend watching my video on how to use the TVM solver on the TI calculator! It is quick!

[@TheWaveism]

Very well explained. Thanks!!

[@aqueenwaits]

Great instruction! Thanks

[@barbaradilucchio4251]

what about calculating compound interest for a credit card debt?

[@Nabifroese]

You can solve credit card problems by assuming that the interest rate if very high, like 20%, for example. Then you can see how much you are losing by being in debt to a credit card! It's hopefully a warning to never owe much money to a credit card if at all possible!

[@adam.gizlin]

Thank you very much for the video ^^ It really helped me a lot. Keep up the good job!

[@ahmedhusham8223]

Thank you so much really clear easy explain follow you from Iraq ✌🏻️

[@Nabifroese]

thank you!

[@sannifoeva4919]

if its annually is it just 1?

[@icecube606]

yes

[@MrMusicMuppet]

thankyou so much, subscribed!

[@geenaa3571]

thanks for the correction ...i understand the concept very well

[@dcalvo100]

does anyone know how to find a function to determine a futur value of a nest egg if you increase the contributions annualy?? for example, you have 100 dollars and put in 10 per month for 12 months but next year you increase your contributions to 12$ per month all the while compound interest is at %6 thoughout.

[@AndresOssa]

Got the concept, Thanks a lot! Before this video it was like alien language for me.

[@Nabifroese]

now you speak the alien language. ha ha! thank you :)

[@kumabrostambayan6436]

what if the problem is to find the number of compounding periods (n), anybody can help me solve it? thank you for the future responses.

[@shainagoodwin2584]

You've explained this way more efficiently than my math teacher, thank you soooo much! Could you do a lesson on Pv with multiple payments over multiple years ?

[@83bunnyboo]

I am so new to this. I am trying to figure out is: At what rate would it take $2000 to double in 10 years. How can I figure that out? Help. thanks

[@prertersrem9368]

83bunnyboo 7.1%

[@tsoghiktigranyan4719]

Thank u.U r just great.I would like you to be my teacher of math.

[@angelie671]

Thank you so much! This video helped me a lot

[@jasonpundek6358]

Why must 1 be added to i the int rate, in the equation? Whats the significance of 1?

[@Nabifroese]

Great question! The 1 is there so that this "exponential" graph grows. See another video of mine on "exponential growth and decay" for a more detailed explanation as to why the total in the brackets of this formula MUST be greater than 1. Cheers!

[@jasonpundek6358]

@@Nabifroese thk you

[@mavunkosi7168]

Thank you so much,,,,can you pls explain this formula for me. PV=FV×PVIFin

[@argelobusan160]

thank you sir its a big help for me.....