This document shows the future value of a single investment and a recurring annual investment over various time periods for interest rates ranging from 4% to 12% per year. For a single investment, the future value grows each year as interest is earned on the initial principal plus previous interest. For a recurring annual investment, the future value amounts to the sum of all annual investments multiplied by their accumulated interest over the years. Higher interest rates lead to greater growth in future values over the same time periods for both single and recurring investments.
This document shows the future value of a single investment and a recurring annual investment over various time periods for interest rates ranging from 4% to 12% per year. For a single investment, the future value grows each year as interest is earned on the initial principal plus previous interest. For a recurring annual investment, the future value amounts to the sum of all annual investments multiplied by their accumulated interest over the years. Higher interest rates lead to greater growth in future values over the same time periods for both single and recurring investments.
This document shows the future value of a single investment and a recurring annual investment over various time periods for interest rates ranging from 4% to 12% per year. For a single investment, the future value grows each year as interest is earned on the initial principal plus previous interest. For a recurring annual investment, the future value amounts to the sum of all annual investments multiplied by their accumulated interest over the years. Higher interest rates lead to greater growth in future values over the same time periods for both single and recurring investments.
This document shows the future value of a single investment and a recurring annual investment over various time periods for interest rates ranging from 4% to 12% per year. For a single investment, the future value grows each year as interest is earned on the initial principal plus previous interest. For a recurring annual investment, the future value amounts to the sum of all annual investments multiplied by their accumulated interest over the years. Higher interest rates lead to greater growth in future values over the same time periods for both single and recurring investments.