- #1
cango91
- 14
- 0
Is there any equation/formula for continuous compound interest to which money is added (or substracted from) periodically? Or can one be derived?
Thanks
i.e. monthly interest rate is 50% and we add 1$ every month (
)
Initially: 1$
1st Month: 1.6 + 1 = 2.6$
2nd month: 4.3 + 1 =5.28
.
.
.
Thanks
i.e. monthly interest rate is 50% and we add 1$ every month (
![Bug Eye :bugeye: :bugeye:](https://www.physicsforums.com/styles/physicsforums/xenforo/smilies/oldschool/bugeye.gif)
Initially: 1$
1st Month: 1.6 + 1 = 2.6$
2nd month: 4.3 + 1 =5.28
.
.
.