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Posted: 8/12/2017 8:08:17 PM EDT
Just using average returns, maybe 7%
........
How do I calculate those investment figures would be in 15 years? Year 2033

EDIT; Thanks for the suggestion
Link Posted: 8/12/2017 8:54:16 PM EDT
[#1]
Divide by .87% bi-analaulally

Nice humblebrag




















Kidding...nice job OP. I would imagine there are plenty of calculators that can assist. Google is your friend
Link Posted: 8/12/2017 10:06:32 PM EDT
[#2]
Google for compound interest calculator.

Also start looking at other investment routes.  Ie real estate.
Link Posted: 8/12/2017 10:55:42 PM EDT
[#3]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Google for compound interest calculator.

Also start looking at other investment routes.  Ie real estate.  
View Quote
Sold my rent houses. Tired of the rent thieves.

Thanks for the calculator.
Link Posted: 8/12/2017 11:30:44 PM EDT
[#4]
Quoted:
Just using average returns, maybe 7%
........
How do I calculate those investment figures would be in 15 years? Year 2033

EDIT; Thanks for the suggestion
View Quote


starting balance x 1+ rate of return ^ (years)

Say $5000 x 1.07^15 years = $13,795.16
Link Posted: 8/15/2017 1:42:03 PM EDT
[#5]
Link Posted: 8/16/2017 9:43:03 AM EDT
[#6]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


starting balance x 1+ rate of return ^ (years)

Say $5000 x 1.07^15 years = $13,795.16
View Quote
This^^^

investment/balance  times Rate of return (in decimal) plus 1 (so 7% ROR means 1.07) raised to the number of periods you want it to compound. This is only accurate if it's compounded annually though.

Lets say you have something bearing 7% return but it's actually compounded weekly. You need to take the rate of return per the compounding time-period (a week) and raise it to the number of weeks. You divide 7% by 52 to get a weekly rate of 0.13461538%. The equation to solve that would look like: $5,000 X 1.0013461538^(52 X 15) = $14,278.17

I know it's not much of a difference but over long time periods the compounding period makes a difference.
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