Example
A client has accumulated $50,000 in retirement funds. What will their account balance be in 15 years if they had a 6.5% average annual rate of return?
Data Entry
Use the following values for the prompts:
Prompt |
Value |
|
Calculation Type |
Accumulation |
|
Calculate |
Projected Value |
|
Current Account Value |
50000 |
|
Interest Rate |
6.5 |
|
Number of Years |
15 |
|
Deposits per Year |
1 |
|
Deposit Amount |
0 |
|
Type of Deposits |
Level Deposits |
|
Deposits Made at |
End of Period |
Result
The Calculated Projected Value shows $128,592.05.
