Compounding Interest (30 years at 13%)?

I am planning on putting $1,800 of my salary a side every month for investment. How much will my money grow after 30 years through compounding interest at 13% per year?

Thanks

Around $8 million

where exactly do you think you are going to invest at 13% per year?????

that's about 7.5 million.

at 8% a year, its about 2.5 million

realistically you would end up with about 1.5 million.

Hey, the amount you will have after 30 years @ 13% per annum, compounded monthly will equal --> $7,871,885.61

Better give me one percent after 30 years, for being your financial advisor!

ricki_santoro
After 30 years through compounding interest at 13% per year
your money will grow to $8044243.13 ($7394443.13 interest earned)

Best of luck!

Tags

　　Investment Trading 　　Investment Strategy 　　Investment Services 　　Investment Portfolio 　　Investment Plan 　　Investment Performance 　　Investment Options 　　Investment Opportunity 　　Investment Manager

Related information

Is now the right time to buy in Manhattan? Is it a buyers or renters market?

The buy vs rent question is very popular. And truthfully only you will know the answer. Although here is my personal opinion. Rumors of the bubble popping have been circling for years. Not only tha...

IN case you have to invest in insurance for tax saving,ULIP is better or plain vanilla insurance?

It sounds to me like some salesman is doing a snow job on you. It happens many times every day. There are no tax savings in plain vanilla insurance and it is a terrible investment from a return o...

Which is better when trying to buy a house? Less Debt or More Down Payment?

Better credit score! Which means better rates...The amount that you'd be able to put down wouldn't make that much of a difference in your payments, but a better rate means lower payments!...

How highly would an Oxford Law degree be seen with regards to employment prospects in the Middle East?

Have a look on www.emiratesvillage.com You can talk directly to employers and also list your details so the employers can contact you. Best of all, its all FREE.

...

Is it wise to invest in real estate in Miami, FL?

These people who say Florida real estate is bad and the worst place to buy right now need to stop thinking they know everything and open there eyes and realize florida is a big, no huge, state. Fl...

22 at my first job, how do I invest my 401k?

Ah, take the risks. When you are young, 22 is young, you can afford to put your money in the riskier options - they pay better. If you see one is not performing well, get your money shifted to so...

IS Term Life insurance better than Endowment Isurance ?

term life = protection against death and permanent disability with zero cash value endowment = saving + protection both serve different purposes for protection only , go for term life as t...

Should I keep maxing my 401k or not? What about the tax consequences at retirement?

The distributions to Roth IRAs are not taxable. However, the more you withdraw upon retirement, the more you are taxed. The amount of you TOTAL income determines your tax bracket. This tax q...