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The FV formula asks for the number of "periods". However, the wording should be changed to "years".
For example, a year might have 12 periods which means that the cumulative interest is calculated once a month. As of right now, the calculator would assume 12 periods means 1 cumulative interest period each year for 12 years.
The text was updated successfully, but these errors were encountered:
The FV formula asks for the number of "periods". However, the wording should be changed to "years".
For example, a year might have 12 periods which means that the cumulative interest is calculated once a month. As of right now, the calculator would assume 12 periods means 1 cumulative interest period each year for 12 years.
The text was updated successfully, but these errors were encountered: