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Annuities -
Calculator 1
This calculator is for monthly or yearly regular
investments of a set amount (with no withdrawals).
It finds the amount you will have at the end of your
investment.
It assumes that the investments are made at the
beginning of the month (or year). The formula that
typically appears in Algebra books are for investments
made at the end of the month. |
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Here's an interesting experiment to
try:
Invest $100 a month at 12% for 25 years...
Then, invest $1200 a year at 12% for 25 years... So, you're waiting until
the end of the year and investing the same amount all at once... Which way
will earn you more money? |
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