The cash value of compound interest with the fractional interest

For compounded interest cash value having a fractional interest is difficult to do when done with the formula of the cash value of compound interest with non-fraction interest.

Formula The cash value of compound interest with the fractional interest

Information :
CV = Cash value
C = Initial capital
i = percentage of interest per period
n = period round period value
p = value of fractional period

An example question of a compound interest rate with a fractional interest

Determine the cash value after flowering for 6.5 months. Capital to $3,500,000 if levied with a 3%/month compound interest rate!

Answer:
C = $3,500,000
i = 3%/month = 0.03/month
n = 6
p = 0.5

So the cash value is $2,887,876.75.

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