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It can reach five million dollars and, then finally, on day 31, more than $10.7 million. But that’s how compound growth works. When you think about saving money, you might think about your money ...
If it's put to work, money will earn more money. How much interest does $1 million earn? Here are a few ways to invest your million and how much you can expect in return.
As the number of compounding periods tends to infinity in continuous compounding, the continuous compound interest rate is referred to as the force of interest . For any continuously differentiable accumulation function a(t), the force of interest, or more generally the logarithmic or continuously compounded return , is a function of time as ...
It provides a good approximation for annual compounding, and for compounding at typical rates (from 6% to 10%); the approximations are less accurate at higher interest rates. For continuous compounding, 69 gives accurate results for any rate, since ln(2) is about 69.3%; see derivation below. Since daily compounding is close enough to continuous ...
This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence in sterling in 1947.
In terms of how compound interest works with stocks, it follows the same rules as compound interest for savings accounts. Your rate of return can depend on: How much you invest