MAJOR HELP

[Anonymous No.8547715]

This might be retarded question, but I've managed to do it by hand in the end, since I can't find the formula.. but let's say I start with 5k$ and my average monthly return is 5% (which adds up to 60% per year). Each month I also re-invest my 5% monthly earning and increase my capital.

So basically, how much will I earn in 5 years, if I start with 5k$, average 5% monthly return and reinvest my earnings every month?

How the fuck is this formula called, I found compound reinvestment calculator and I don't even know what else, but I just get the wrong results.

For some reason, I have a bad feeling about asking this here, since most of you are stupid. Why the fuck do I get this right by calculating it on hand, but can't find the correct formula.

[Anonymous No.8547877]

>>8547715
>average 5% monthly return

Won't happen from day trading. Possibly if you buy and hold a solid alt, for example bnb is OBVIOUSLY going to do 60% this year. Or something like banyan which will do that in a week.

[Anonymous No.8548400]

>>8547877

Why do you assume it's from crypto market?

I've been doing a lot of forex lately and had great results/calls and feel ready to jump in. 5% is conservative return, given I averaged a lot more.

[Anonymous No.8548442]

why don't you fucking write a function to do it? it's literally a few lines in python
def monthly_compound_interest(months, capital, interest):
for _ in range(months):
capital += interest/100 * capital
return capital

this works if you input interest in value as if it was %, also you can generalize it more to make it work for daily compund etc., but not going to do everything for you

[Anonymous No.8548480]

Fucking brainlets need to program for the simplest calculations.

If you reinvest each month at 5% per month, the formula is :

Money after n months = initial*(1.05)^n

n=5*12=60 for your 5 years

[Anonymous No.8548489]

>>8548442
There's a closed from solution with this, doing it iteratively is a waste of time.

Firstly, if you're getting an average monthly return of 5%, then it compounds up to MORE than 60%, namely it compounds up to 79%.

Anyway, the formula is just 5k * 1.05^(5*12) which is 93k

[Anonymous No.8548513]

>>8547715
You are not making 5% a month trading over the long term

[Anonymous No.8548530]

>>8548400
You are a 100% lucky with those returns. Most great traders are correct 55% of the time.

[Anonymous No.8548596]

>>8548513
>>8548513


We'll see, it just an estimation for now given great results last few months.

>>8548489

Thought I missed that.