What is the time utility of $1500 after 9% for 35years?
Answers:
1500(1.09)^35
=1500(20.4)
=30,600 approximately
Thats assuming that 1500 be just invested one time, and next invested at 9% for 35 years, not that 1500 be invested every year for 35 yearsat 9%.
can you rephrase your examine -- what are you trying to find?
like a million maybe
i only just guessed
you can cause a spreadsheet , if you can spare $150 or that money for excel
the formula is close to Principal = Principal + Interest
next Principal again, I did it even while I be really crazy
cuz the compounding in stocks be really crazy at the time also
That is an awesome investment. Assuming you close-fisted 9% APR instead of APY it would be $30,620.95. So you will hold over 20 times as much as you started near. Can i ask where on earth you found 9% interest at? Highest i can return with is a compact disc (Certificate of Deposit) at approaching 6.25%.
jcakes is doing homework not really investing so settle down and relax!