Appendix C. Compound Interest Table

Use this table if you don't have access to a calculator to determine the value of a sum of money over a specific period of time. Let's say you want to see what $10,000 will be worth in twenty years assuming a six percent growth rate. All you need to do is multiply the factor for twenty years and six percent by $10,000. In this case, the factor is 3.20714, so $10,000 will be worth $32,071 in twenty years.

Table C-1. Compound Interest Table

Number of Years

Annual Percentage

1%

2%

3%

4%

5%

6%

7%

8%

9%

10%

11%

12%

1

1.01000

1.02000

1.03000

1.04000

1.05000

1.06000

1.07000

1.08000

1.09000

1.10000

1.11000

1.12000

2

1.02010

1.04040

1.06090

1.08160

1.10250

1.12360

1.14490

1.16640

1.18810

1.21000

1.23210

1.25440

3

1.03030

1.06121

1.09273

1.12486

1.15763

1.19102

1.22504 ...

Get Retirement Countdown: Take Action Now to Get the Life You Want now with the O’Reilly learning platform.

O’Reilly members experience live online training, plus books, videos, and digital content from nearly 200 publishers.