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MPuser
 
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Default Tricky FV function


At least this is tricky for me...

I want to use a FV function to calculate the future value of an
investment over time. Just as an example, how could I input these
figures into a FV function?

I start with a $100,000 investment that is going to grow over 30 years
at 10% annually. However, I am also going to save $500 per month into
this same investment. On top of that, I would like the monthly
contribution to increase by 3% every year. So my monthly savings in
year two would be $515...in year three it would be $530.45, etc.

How can I set excel up to figure out the future value at the end of the
30 year period?

Thanks!
MPuser


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