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> If I have a steady 10% ROI each month on a $2000 investment, how much will my returns be after 5 years?
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If I have a steady 10% ROI each month on a $2000 investment, how much will my returns be after 5 years?
If I have a steady 10% ROI each month on a $2000 investment, how much will my returns be after 5 years?
Posted at:
2014-12-05
Did you MEAN 10% a MONTH? Or an annualized ROI of 10%? That's 25.94% a year!
After five years, your $2,000 would be worth $20,071.41!!!
FV = PV x (1 + i)^n
http://www.tvmschools.com/formula/future...
FV =2000 x (1 + 10%)^5 = 3,221.02
Returns = 3,221.02 - 2000 = 1221.02
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