Current location - Trademark Inquiry Complete Network - Tian Tian Fund - Invest 0.2 million/200 thousand to buy a fund with an annual interest rate of 6% and save it for 5 years. How much can I get in the end? Should not be a simple 200,000 * 6% * 5+200,000 = 260,000?
Invest 0.2 million/200 thousand to buy a fund with an annual interest rate of 6% and save it for 5 years. How much can I get in the end? Should not be a simple 200,000 * 6% * 5+200,000 = 260,000?
If it is a compound interest calculation, it is the compound interest final value formula: f = p (1+I) n.
F is the final value, p is the present value, n is the number of periods, and I is the interest rate.
F=20( 1+6%)^5
Check the final compound interest coefficient table (1+6%)= 1.3382.