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Mehul, 20 years old, just learned about compounding interest and Time Value of Money, and the importance of saving. Subsequently, he has decided to stop
Mehul, 20 years old, just learned about compounding interest and Time Value of Money, and the importance of saving. Subsequently, he has decided to stop his daily habit of buying a coffee for $1.75 and invest the money for his retirement. If $1.75 is invested daily at 10% interest compounded daily for 45 years, what will be the value of the investment at the end of the term? (Disregards taxes)
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