FV=A.((1+i)^n-1)/i) eto po ba ang gamit nyong formula sa pagcompute ng future value? kung regular po akong maghuhulog mo and assuming an annual rate of 20% tama po ba na ang i=.2/12 n=5×12=60 for 5 years period if regular po n 15k mo ang investment ko tama po ba na ang FV ng pera ko after 5 years ay 1526373.125?
Guita of Colayco Foundation:
Assuming the factors below
Initial Investment: 15,000
Additional investment: 15,000/month
Growth rate: 20% per annum
Period: 5 years
Future value: 1,551,813
You may refer to our book Pera Palaguin Workbook for more information.
Just note that depending on the investment type, growth/interest is applied yearly and not monthly (as you have done in the formula above).
I’ve recently become more involved with Colayco Foundation for Education, the first, most experienced and most effective in teaching personal finance to Filipinos, and I’ve answered so many questions about investing, managing money, business, etc. Names have been redacted. Most of these are originally found on the Francisco Colayco Facebook Page, Colayco Foundation and Francisco Colayco Website