June 2004
Beginner
400 pages
8h 42m
English
Content preview from Retirement Countdown: Take Action Now to Get the Life You Want
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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 ... | |||||
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