If I stockpile $3,000 a year at 3% interest for 10 years, how much will I own?

Is in that a free website that can multiply this for me?

Answers:
you enjoy adjectives the information in attendance. . . do the math your self, enjoy not hear of a calculator?
Use the compund interest formula and you will find the answer.
$4,031.75

It is jammy to work out yourself. After 1 year you will hold:
$3,000 * 1.03 = $3090
After 2 years
$3090 * 1.03 = $3182.70 = ($3,000 * 1.03) * 1.03 = $3,000*1.03^2
.
etc.

After n years you will have
$3,000 * 1.03^n
I don't know but I suggest you put some money in CDs which can be as high-ranking as 5% (at Wachovia for example - thats the sandbank I use)
Go to www.primerica.com and look for "The Rule of 72" this is a formula to determine when your money will double. You simply divide the interest rat you are getting (3) in your shield into the number 72, the answer approximates how copious yrs it will pinch to double.

72 / 3 = 24 years for your money to grow to $6,000 3% sucks. see primerica.com

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