QuestionNo 01 What wouldbeanother way to cala date total interest rather thanjust addingup theindividual interest amounts? Answer Theway to cala date total interest rather thanjust addingup the indvidel interest anouts is touse future values (FV) comparingmethod This fomda is verysimple andeasy to uselhformoffutuvalucompounding der FV-PV(Hi) FVFutuveluthawevanofound PVPreseraduthat1590 I-interest(0.075 IFnumbperiods(361) Weusethis fomilatocaladate toal interest rather thanjust add ingupthe indvidel interest nethod Some benefits of this formula is varyeasy to calalate without wasting of time ar atingup the indvidal interest. It is easy to cala late even if someonent knows more about finance There is alsonomed of exd expertise Withthelapof this famlave calculateodempoundingminutee wrawbadfutuvelucompounding formila is it may not calculate exactly core figure as we caladate thoughindvidal atingupinterest. It mayprovidefigurewithsignifydifererendear less, It ches nears this fomda provid inconned anout, it provide cored anout sig tly difference with individual acting up methods. The other dawback it does not give undastanding to a common parson who does not knowabout comparing concepts. Individual acting up methods give an easy undstable way to a commone. Futhemore future values comparingmethodis agoodwayto adda late bigandngennbe of paid d'anouts Bacause for huge cata where too muchcompounding andnumber of paiods we can't use addingndividutoresetholdingndividuteresethisuseffdsmall datandesperiods