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8.2 Compound Interest (Future Value)

1131 ratings | 218862 views
How to find the Future Value when interest is compounded! YES there is a mistake in this video... my apologies, but it doesn't change the fact that this video will show you how to compute Future Value quickly and easily! Here is a link to my math videos organized by topic! https://sites.google.com/view/nabifroesemathvideos
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Text Comments (117)
Cvmm 88 (30 days ago)
Thank you so much.
Carlene Alcoser (1 month ago)
thank you very much! it's of great help! best explanation ever. I even got the chance to practice with you.
Monica Dragon (3 months ago)
thanks so much .easy to understand
Hannah Elizabeth (4 months ago)
Helped me so much, thank you xxxx my heart broke at all the apologies
Mamadou Sanoussy Bayo (4 months ago)
Very good explanation thank you it is very helpful
PhuongQuynh Vu (5 months ago)
Very nice!
Najla (5 months ago)
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
Najla (5 months ago)
Nabifroese Got it! Thank you so much for the explanation!
Nabifroese (5 months ago)
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"!
Md Saidul Islam Sayed (6 months ago)
your video is a life a saver for me dude!! cheers ;)
LEA NTAYEOLIKAMUNGU (8 months ago)
But this was really helpful thank you
LEA NTAYEOLIKAMUNGU (8 months ago)
I think you forgot one 0 in the first example 0.03:12= 0.0025
i wish ur my teacher
LØÑÉ WØLF (8 months ago)
Thank you so much sir
Maral Dzheenbekova (9 months ago)
Amazing so amazing, especially with WORDS (I had huge problems with them)
Hang Rachana (9 months ago)
excuse me sir, i saw you calculate on the point 0.03/12=0.0025 but you take the number only 0.025
kazi islam (9 months ago)
its may some mistake . because 3%/12 will be .0025 not .025. rest everything is ok
Fatima Hussain (10 months ago)
Thanks
Gil (1 year ago)
Very clear explanation. Thanks
Qlean Qryptos (1 year ago)
Good Day Very good video. the POWER of Compounding Interest Annually, Monthly, Weekly, or event BETTER Daily. Julia
J (1 year ago)
And, lol: "You take your calculator.. Y'turn it on..." Made me giggle there.
J (1 year ago)
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 YouTubers 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.
83bunnyboo (1 year ago)
I am so new to this. I am trying to figure out is: At what rate would it take $2000 to double in 10 years. How can I figure that out? Help. thanks
Prerter Srem (10 months ago)
83bunnyboo 7.1%
Kodi Shams (1 year ago)
you're the greatest math teacher I have ever seen
Kika Beaudin (1 year ago)
You have sucha soothing voice, its much easier to learn from you rather than in school :D <3
milenka Stocking (1 year ago)
Thanks so much for your video
socheat yin (1 year ago)
Monthly interest: 100$ Yearly interest: 0.05 Number of year: 5 FV=?
Jennifer Bowen (1 year ago)
best video out there!!!!!!!!!!!!!!!!
freddie sims (1 year ago)
Thank You so much!!! You explained everything and made it very simple....good Man.
Faran Qureshi (1 year ago)
love you Sir
Zongora (1 year ago)
This explanation is helping me so much with math class right now. Your voice is so hot too. xD
ANA H (1 year ago)
lol is ok
Shahad AFF (1 year ago)
Great video! It was really confusing before....but it is well understood Thank you so much.
Shahruq Sarfaraz (1 year ago)
500th like! :)
Andrés Ossa (1 year ago)
Got the concept, Thanks a lot! Before this video it was like alien language for me.
Dandino Henry (1 year ago)
Thanks for sharing I am using my husbands acct and was looking for help with my finite math course in college...this is awesome!
Nouf Alosaimi (1 year ago)
thanks
kelvin Chong (1 year ago)
its 0.0025 not 0.025 thats why i cant get d answer.
David Hyland (1 year ago)
I like the comment at around 11 mins 10 sec. "So when you invest 1000 dollars you get, wow, that's pretty good".
Jata Johnson (1 year ago)
kelvin Chong THANK YOU!!! His calculations are off!
kelvin Chong (1 year ago)
for d 1st question
Kenpachi Ramasama (2 years ago)
Super clear, lad bible
luisthesailor (2 years ago)
very nice class and very friendly ...thank you
Abdullah Alruwaili (2 years ago)
it's really helpful for me cause your explanation very easy to get the point
Sanni foeva (2 years ago)
if its annually is it just 1?
icecube606 (1 year ago)
yes
Messi Magic ! (2 years ago)
Thanks a lot for your help
Ahmed Husham (2 years ago)
Thank you so much really clear easy explain follow you from Iraq ✌🏻️
Fed (2 years ago)
that was very clear thank you.
Argel Obusan (2 years ago)
thank you sir its a big help for me.....
Gabor Szecseny (2 years ago)
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!
Raquel Reyes (2 years ago)
Thank you!!!
Nwat1993 (2 years ago)
Yes I know you screwed, Its not the answer that matters, just the concept and formula that matters the most
Mo Rob (1 year ago)
Nwat1993
vuyi dyusha (2 years ago)
Thank you so much,,,,can you pls explain this formula for me. PV=FV×PVIFin
adafahmi95 (2 years ago)
thank you sir!!!
Jo Do (2 years ago)
your the man fr
Esther Hounsell (2 years ago)
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 :)
Candice McGlen (2 years ago)
You just made this so clear for me! you were blessed with a gift truly. Thank you
Adam GIZLIN (2 years ago)
Thank you very much for the video ^^ It really helped me a lot. Keep up the good job!
Michael Bagwell (2 years ago)
You teach this better than my teacher did man, much appreciated and well done video!! Way easier to understand thanks a lot!!
Shaina Goodwin (2 years ago)
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 ?
Courtney Holcombe (2 years ago)
This was so helpful! OMG thanks :)
Aatina sajid (2 years ago)
Its okay if you made a mistake, the concept is so clear that the mistake is ignorable.
Faysal Ahmed (2 years ago)
how to find year plese now i need it to find
Abdulrahman Nassar (2 years ago)
Thank you
Do Tien Thinh (2 years ago)
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!
Tirthesh Singh (2 years ago)
Nice and clear voice with easy explanation. Thanks
Ashley Yu (2 years ago)
Thank you for this!!!
Gee Naa (2 years ago)
thanks for the correction ...i understand the concept very well
Aljawharah g (3 years ago)
thanks
Jos Cha (3 years ago)
10Q
KraftyScorpio (3 years ago)
Nice voice!
Jacques OLinsky (3 years ago)
Thank you - its so easy now...
Nataly Yousef (3 years ago)
thank you alot
DOC DOC (3 years ago)
nice but too short
Nina B (3 years ago)
Thank You!! You explain the Compound Interest process soooo.....Well. :)
Britney Richardson (3 years ago)
I'm so grateful to come across this video. Thanks again for your time ;)
ティラ (3 years ago)
you have a nice voice
greg l (3 years ago)
why not just stick with the formula A=P(1+r/n)^nt all the way through interest rates --so much easier to memorize one formula as u learn
Olganive Kaunda (3 years ago)
thaaannkk you!!
Tobi (3 years ago)
Great video but that last bit of humor at the end was painful to my ears.  very help full video.
Rem (3 years ago)
great and straight forward explanation, thank you!
philip gao (3 years ago)
great explanation! thank you for your help. now i understand better.
Tinu (3 years ago)
Thank you sooooooooooo much for making this easy to understand!
Ale Jonathan (3 years ago)
thanks a lot for your awesome lecture despite error in figure i understood very well thanks big up
Nikki Smith (3 years ago)
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!
Victor Lim (3 years ago)
I finally understand compound interest. Thank You!
Riya Omar (3 years ago)
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.
Nachiket Karandikar (3 months ago)
You are correct. lol.
Wanida Bountathip (3 years ago)
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
Rabi Islam (4 years ago)
I am from #Bangladesh    Thanks a lot for this.
Tsoghik Tigranyan (4 years ago)
Thank u.U r just great.I would like you to be my teacher of math.
Coc Tirador (4 years ago)
i mean the effective interest rate that discounts 133,103 in 3 years to a pv of 100,000.  I can't compute the discount rate
Geetanjali Kapoor (4 years ago)
Excellent video! Thanks a lot! 
Jovani J (4 years ago)
Great video! 
Dardau Danmusa (4 years ago)
Thanks very clear and straight to the point 
Andy Norman (4 years ago)
thankyou so much, subscribed! 
E Kasongo (4 years ago)
You are one of the better teachers!!!  Why don't you please do more videos???? Please????!!!!!!!
Tori Colebourne (4 years ago)
Thank you! Your a good teacher! 
Liz J (4 years ago)
Thank you!  You explained it thoroughly!  I appreciate the fact you showed the calculator.  Thank you again!
Leo Lee (4 years ago)
0.03/12 = 0.0025
aqueenwaits (4 years ago)
Great instruction!  Thanks
Angelie Balios (4 years ago)
Thank you so much! This video helped me a lot
Funny Randomz (4 years ago)
i totally understand how to do this topic now..thank you for doing this video
Dobby is a free elf (5 years ago)
thank you so much, i understand this more now than when my teacher explained, i'm taking personal finance and i feel so dumb :( i will practice more when i have my calculator, so expensive, can i use a regular calculator?? :)
LilDavidcars J (5 years ago)
Thank you so much
Abrafi j (5 years ago)
thank you

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