Frnds in time value of money if they ask to find the amount that is compounded daily for 10% for 2 yrs then how it is possible for us to calculate A=
P(1+i)^365
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Time value of money
Replies (2)
P = principal amount(initial amount)
it will be given in the question....
just apply it in formula......
I'm asking abt the easy way to find solution for this type, atually here n-2*365=730; i=(10/2*365)0.00027; P=2000 and A=2000*(1+0.00027)^730
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