We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Is there a formula for this Plan?
little_ste
Posts: 3 Newbie
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 £12458.00 in 11 years @ 5% interest rates?
What is the formula for working this out?
thanks in advance
steve
Was asked this question this morning by my brother ..
How much do I need to invest per annum to receive a lump sum of £12458.00 in 11 years @ 5% interest rates?
What is the formula for working this out?
thanks in advance
steve
0
Comments
-
About £72 per month assuming no tax on interest and annual compounding is applied.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.4K Work, Benefits & Business
- 599.7K Mortgages, Homes & Bills
- 177.1K Life & Family
- 258K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards