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Incorrect formula for FV calculation #44

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ACPK opened this issue Apr 18, 2019 · 0 comments
Open

Incorrect formula for FV calculation #44

ACPK opened this issue Apr 18, 2019 · 0 comments

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@ACPK
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ACPK commented Apr 18, 2019

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.

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