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Interest Rate at 5% per annum

Step 1 : Calculate the future value of $500 000 in 20 years


Present Value (today)
Period ( 20 years x 12 months)
Interest rate ( 5%/12 months)

500,000
240 months
0.41667%

What is the future value?

$ 1,356,330.94 equivalent of $500 000 today in 20 years time

Step 2 : Calculate the monthly investment amount beginning end of month one
Future Value
Monthly Interest rate
Number of months
What is the monthly investment?

1,356,330.94
0.41667%
240.00
3,299.79

Interest Rate at 3% per annum


Step 1 : Calculate the future value of $500 000 in 20 years from now
Present Value (today)
Period ( 20 years x 12 months)
Interest rate ( 3%/12 months)

What is the future value?

500,000
240 months
0.25000%
910,377.50 equivalent of $500 000 today in 20 years time

Step 2 : Calculate the monthly investment amount beginning end of month one
Future Value
Monthly Interest rate
Number of months
What is the monthly investment?

910,377.50
0.25000%
240.00
2,772.99

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