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Tue 12 Jun, 2007 01:58 pm
I'm trying to find out how to calculate $2000 for a return of say 10% for each year for the next 20 years.
I know it's something so simple. I'm just overthinking it right now it will probably come back to me later on. Help is appreciated though, thanks.
The total accumulated amount, after 20 years at 10% of an intial $2000 investment will be $13,454.
After one year, a gain of $200 would be recorded, to yield a total after 1st year of $2200...and so on till year 20.