Frens if i have $100 with 7 % APY a week . how much money will i have in 10 years ?

frens if i have $100 with 7 % APY a week . how much money will i have in 10 years ?

Attached: pepe-crying-hitting-delete.jpg (1127x685, 88.89K)

Wow
You really are retarded

I have 200% APY/Week per day. Stay poor

~$197

$1007

You will have 6 million, but zero proof of it

$196.71, but considering inflation it will be closer to $130 maybe

5500

lol thanks for that

fanks frens im using chink exchange, its very confusing to use. china man says he will give me 7% APY a week .
if i put in $100 every month for 10 yrs on top of interest gained , will i have enough not to starve to death when im 65 .

Attached: pepe-crying-in-bed-teddy-bear.jpg (1280x960, 157.61K)

You will most likely get scammed and lose everything.

How does 90 loafs of bread sound like?

190000000 Gigadollars

that's 1.9*10^17 dollars.

kek try this: ((1+(7/52)*100)^10

use a TVM calculator. Figure that out before you start throwing cash at stuff kek

you only need to put in the inital 100 dollar to have unimagineable wealth in 10 years. you and everyone you ever talked to will be able to retire.
It's a scam.

i dont know math i put this in google calc is this correct ?
((1 + (7 ÷ 52) × 100) = $400078275510

Attached: pepe-bucks.png (887x560, 52.64K)

100 * (1.07)^520 =1.9035505e+17

This is a scam.

I don't think that's correct, you get more.

this is correct.

>7% APY a week
>7% ANNUAL percentage yield per WEEK

Attached: WtfamIreading.jpg (400x309, 22.15K)

Does OP think that locking the coins for 7 days a time means the APY is every 7 days?
Seems like it to me

Attached: 1606938669764.jpg (4032x1728, 1.42M)

china man promise this .
"7.20% Est. APY 7 days Duration"

Attached: pepe-feeling-cute-happy.jpg (640x513, 34.36K)

you are gonna get 7.20% per year, it's still pretty good you have 200 dollars in ten years.
7.20% is approximately what you get from the stock market.

assuming this really means 7.2% APY paid weekly
if you put in $100 every month for 10 years, you'll get 100*(1.072^(10)-1)/(1.072^(1/12)-1)=$17282.58

Also how old are you? I'll calc for when you're 65

your math is wrong.
it's 100*(1.07^520) and that's only the initial investment.

doesn't seem like a good deal . dollar cost averaging seems way better.

First of all you're doing 7% per week, that's not APY (ANNUAL Percentage Yield). Second of all, I said putting in 100 per month, not just in the beginning.

yes if we're doing yearly then it's a different story.
if we're doing weekly like was initialy proposed then the money gets ridiculous incredibly fast with or without extra payments so I just neglect them to avoid overloading my calculator.

y would i bother ?
17282.58 - (12*100)*10 = 5282.580000000002

Okay I'm going to assume you're trolling.

1. What was initially proposed was 7% APY (a week), likely meaning ANNUAL PERCENTAGE YIELD paid weekly. Not a weekly 7%.
2.Because this was ambiguous, I specified let's assume it means 7.2% APY paid weekly, which you then came in trying to correct to a weekly 7%.
3. Now you're trying to say two disagreeing things A.) that yearly is a different story and B.) that you are neglecting the weekly calculation because it's infeasible
4. If you're neglecting the weekly calculation, then why did you come in correcting my yearly percent to weekly?
5. Finally, I specified inputting $100 every month because OP suggested that here
Please work on your reading comprehension.

You would bother because that extra $5282 will be earning you $380.34 per year, which could sustainably feed an adult male. You would also bother if you were going to continue with that investment into old age. Compounding interest doesn't go far until given ample time. See if we do 20 years instead of 10:
100*(1.072^20-1)/(1.072^(1/12)-1)=$51920.88

See the difference?