🟢How the APY is Calculated

Compound Interest Equation (Principal + Interest)

• A = Total Accrued Amount (principal + interest)

• P = Principal Amount

• r = Rate of Interest per year in decimal; r = R/100

• R = Rate of Interest per year as a percent; R = r * 100

• t = Time Period involved in months or years

It should be noted that rate r and time t should be expressed in the same time units, such as months or years. Time conversions based on a 365-day year have 30.4167 days/month and 91.2501 days/quarter. There are 360 days in a year, with 30 days per month and 90 days per quarter.

Example 1:

If the user invests $1000 worth $FUTR for a period of 1 year at 0.018% compounding every 10 minutes. He will have $12,846,157.26 FUTURA after his investment maturity

P = (Principle + Interest) = $1,000

A = (Total Accrued Amount) = $12,846,157.26