Future Value Formula for Savings with Compound Interest

Learn how to calculate the future value of your savings with compound interest using the formula FV equals PV times open parenthesis one plus r close parenthesis to the power of n. This video is part of the Money Management chapter in the Home Management subject for 12th grade students. Understanding this formula is crucial for effective money management and planning your financial future. The question addressed in this video is: What is the formula to calculate the future value of a savings account with compound interest?

Standard: 12th
Subject: Home Management
Medium: English

Chapter: Money Management
Chapter Number: 2
Book Page: 7

Difficulty: hard

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