The Cash Value Of Chemical Compound Involvement Amongst The Fractional Interest

For compounded involvement cash value having a fractional involvement is hard to create when done amongst the formula of the cash value of chemical compound involvement amongst non-fraction interest.

Formula The cash value of chemical compound involvement amongst the fractional interest

Information :
CV = Cash value
C = Initial capital
i = per centum of involvement per period
n = menstruum circular menstruum value
p = value of fractional period

An illustration enquiry of a chemical compound involvement charge per unit of measurement amongst a fractional interest

Determine the cash value later flowering for 6.5 months. Capital to $3,500,000 if levied amongst a 3%/month chemical compound involvement rate!

Answer:
C = $3,500,000
i = 3%/month = 0.03/month
n = 6
p = 0.5

So the cash value is $2,887,876.75.