Investing and Savings?
If I invest every month $1000 for the subsequent 20 yrs surrounded by an narrative that returns 6.99% apr how much would that be and what is the equation for solving this?
Answers:
FV = PV (1 + i)n
FV = Future Value
PV = Present Value
i = Interest Rate Per Period
n = Number of Compounding Periods
I assume for this answer that the compounding is on a daily basis and that that the calcualtions are up to that time due considerations. If this is the crust the answer would be lately over $520,000.
Now the put somebody through the mill I enjoy for you is: if you are putting thismoney away for 20 years why are you merely getting 6.99%. Your should average 10 - 12% depending on taxable or tax deferred.
I hope this help.
ask the dune, adjectives I know is it is a hell of closely of money.
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Answers:
FV = PV (1 + i)n
FV = Future Value
PV = Present Value
i = Interest Rate Per Period
n = Number of Compounding Periods
I assume for this answer that the compounding is on a daily basis and that that the calcualtions are up to that time due considerations. If this is the crust the answer would be lately over $520,000.
Now the put somebody through the mill I enjoy for you is: if you are putting thismoney away for 20 years why are you merely getting 6.99%. Your should average 10 - 12% depending on taxable or tax deferred.
I hope this help.
ask the dune, adjectives I know is it is a hell of closely of money.