Posted by inwest88 > 2013-09-02 21:26 | Report Abuse

detailed write-up but to simplify the computtation, why not use Rule 72.

Posted by Shane My > 2013-09-03 12:07 | Report Abuse

Hi inwest88, rule of 72 is used to calculate the number of years needed to double up your money based on a fixed rate of return. If we are trying to calculate the projected amount after 30 years for example, I don't think Rule of 72 can be used. Cheers

Posted by ipomember > 2013-09-03 12:10 | Report Abuse

nice one, understading it is important for everyone in managing their own money

Posted by inwest88 > 2013-09-03 14:25 | Report Abuse

Agree Shane. Anyway to compute over 20, 30 or 50 years just put in the formula in a worksheet and all the answers will be out.