Submitted by lost_girl_2019 t3_zzkmvy in personalfinance
FateLeita t1_j2doj1h wrote
Reply to comment by CelticsWin7 in $50 isn't much, but I want to start somewhere. by lost_girl_2019
Can you explain how you calculated that? (Like the actual formula.) I'm not sure I understand how that works. I'm familiar with compound interest, but I don't know how often something like that would compound, or if that's even the right formula to use.
FateLeita t1_j2dzntc wrote
Ah perfect, thanks!
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