FV=P*(1+i)**n I am not getting proper answer

Installations & Python Packages
1

Course Name: Python for Trading: Basic, Section No: 3, Unit No: 2, Unit type: Quiz

2

Hi Kushal,



I tried doing this calculation both programmatically and mathematically and got the same answer: 751.815



FV = P*(1+i)**n



Here, P = 500, i = 6/100 = 0.06, n = 7



By putting these values into the equation:



FV = 751.815







 

3

thanks a lot for explaining. I was considering i= 6 so Iwas getting wrong answers.

 

4

Good to know that your query has been cleared.