27
Nov
2015
A question about : Is there a formula for this Plan?
Hello,
Was asked this question this morning by my brother ..
How much do I need to invest per annum to receive a lump sum of Ј12458.00 in 11 years @ 5% interest rates?
What is the formula for working this out?
thanks in advance
steve
Best answers:
- About Ј72 per month assuming no tax on interest and annual compounding is applied.
Category:
- 288 reads
Popular
- Getting post for someone never lived at address Views: 79,014
- Letter from po box 8743 bellshill Views: 50,569
- Transaction on my current account from "who internet internet" Who are they??? Views: 40,262
- What is EESA? Views: 37,440
- Lloyds TSB Trustcard loyalty points Views: 26,238