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#1
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Accumulated wealth formula ?
Anyone knows how to make accumulated wealth formula ? Here's the example : 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 ? Thank You and Good Day. .. |
#2
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Accumulated wealth formula ?
Have a look in Help under Future Value
-- Bernard V Liengme www.stfx.ca/people/bliengme remove caps from email "toyota58" wrote in message ups.com... Anyone knows how to make accumulated wealth formula ? Here's the example : 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 ? Thank You and Good Day. . |
#3
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Accumulated wealth formula ?
I work mine out this way.
A1 net after taxes income......enter a number A2 yearly expenses..........enter =A1 A3 =A1-A2 is accumulated wealth Gord Dibben MS Excel MVP On 22 Feb 2007 09:35:26 -0800, "toyota58" wrote: Anyone knows how to make accumulated wealth formula ? Here's the example : 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 ? Thank You and Good Day. . |
#4
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Accumulated wealth formula ?
"Gord Dibben" <gorddibbATshawDOTca wrote in message
... I work mine out this way. So does Mr Micawber <g -- Sandy In Perth, the ancient capital of Scotland and the crowning place of kings with @tiscali.co.uk "Gord Dibben" <gorddibbATshawDOTca wrote in message ... I work mine out this way. A1 net after taxes income......enter a number A2 yearly expenses..........enter =A1 A3 =A1-A2 is accumulated wealth Gord Dibben MS Excel MVP On 22 Feb 2007 09:35:26 -0800, "toyota58" wrote: Anyone knows how to make accumulated wealth formula ? Here's the example : 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 ? Thank You and Good Day. . |
#5
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Accumulated wealth formula ?
But he wound up in the gaol.
I haven't........yet<g Gord On Thu, 22 Feb 2007 20:04:49 -0000, "Sandy Mann" wrote: "Gord Dibben" <gorddibbATshawDOTca wrote in message .. . I work mine out this way. So does Mr Micawber <g |
#6
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Accumulated wealth formula ?
On Feb 22, 9:35 am, "toyota58" 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) |
#7
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Accumulated wealth formula ?
Another formula I want to make is Example : Suppose I put $ 1,000 lump sum in a mutual fund at 10 percent interest per annum. How much is the accumulated wealth after 5 years.This is one lump sum payment only at the beginning of the period. No additional monthly payments. Thank You all. |
#8
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Accumulated wealth formula ?
On Feb 22, 6:10 pm, "toyota58" wrote:
Another formula I want to make is Example : Suppose I put $ 1,000 lump sum in a mutual fund at 10 percent interest per annum. How much is the accumulated wealth after 5 years.This is one lump sum payment only at the beginning of the period. No additional monthly payments. First, a correction to my previous response. If the mutual fund returns 10% per year, its (compounded) monthly rate is RATE(12,0,-1,1+10%), not 10%/12. So the previous formula should have been: =fv(rate(12,0,-1,1+10%), 5*12, -100, 0, 1) For the latest example: =fv(10%, 5, 0, -1000) Please study Help - Excel Help for FV(). |
#9
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Accumulated wealth formula ?
Thank You so much... |
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