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X% increments for each year

 
 
Reply 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.
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Type: Discussion • Score: 1 • Views: 604 • Replies: 2
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AbleIIKnow wong
 
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Reply Tue 12 Jun, 2007 01:59 pm
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.
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Miller
 
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Reply Tue 12 Jun, 2007 02:01 pm
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.
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