The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Drip Investing - The Basics

URL:  https://boards.fool.com/i-am-trying-to-find-a-formula-that-will-let-me-16056738.aspx

Subject:  Re: Growth Rates Date:  11/6/2001  1:57 AM
Author:  foobar73 Number:  21363 of 27990

I am trying to find a formula that will let me calculate what percentage my money will need to grow at to reach my goal at the end of ten years, if I start with a certain amount and keep contributing a set amount to that portfolio for each month over the ten-year period.

What you're looking for is called a "time value of money" calculation. Unfortunately, calculating TVM is not easy, and you need a specialized business calculator (or computer application) to do so with any reasonable ease. There are some such calculators online, though. For example, http://147.4.150.5/~matscw/RealWorld/tmvcalc.html
Copyright 1996-2021 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us