2006-12-07 11:46:21 · 3 answers · asked by Corey O 1 in Business & Finance ➔ Investing
Here is the formula for future value:
FV = PV(1+r)^n
FV is future value, PV is present value (the amount you invest today), r is the interest rate (12.39% or .1239) and n is the number of years (25).
So if you invest $1,000 today, the value in 25 years would be:
1,000*(1+.1239)^25 = $18,543.50.
Let me know where you found an IRA with 12.39%!
2006-12-07 13:12:49 · answer #1 · answered by mingo1226 2 · 0⤊ 0⤋
It depends on how much you put in your Roth IRA and what interest rate you use. Also is the interest rate calculated yearly, semi anually or quarterly. Here is a sample way to calculate it.
100 yearly at 5% semi anually for 25 years
100* 1.025^50 = $9,748.43
2006-12-07 12:13:20 · answer #2 · answered by tianaramal 4 · 0⤊ 0⤋
i got a brooklin bridge to sell to you.good luck.
2006-12-07 11:54:55 · answer #3 · answered by mak_nit_crimson 4 · 0⤊ 0⤋