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Hello,
I have searched the internet for help with this, but anything relivent seems geared towards paying off loans rather than saving so my answers are coming out negitive, or just wrong. Hopefully there is an easier way of doing this. I am trying to save up a deposite for my first home... and I want to know how long it'll take me. I have a starting balance, the annual interest rate of my savings account, and how much I can save each month. I also have a target ammount in mind. From this I want to know how many Months I will have to save this before my Target is met. On a seporate issue I want to know, if I want to buy a home in 2 years time, how much I'll have saved by then, but I think this is possible using NPER, again it's currently coming out 'backwards' and it's still needs a target ammount. I hope you can point me in the right direction :-) many thanks, Amy |
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