Re: Accumulated wealth formula ?
- From: "joeu2004" <joeu2004@xxxxxxxxxxx>
- Date: 22 Feb 2007 16:00:59 -0800
On Feb 22, 9:35 am, "toyota58" <toyot...@xxxxxxxxx> wrote:
Suppose I save $ 100 (or whatever) every month in a mutual fund and
the fund give me 10 percent (or whatever) interest per annum. So how
much is my accumulated wealth in 5 years ?
=fv(10%/12, 5*12, -100, 0, 1)
.
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