Lump Sum Required
What is the lump sum deposit required today for an account to grow to $1,000,000 in 25 years, growing at 7% with no additional deposits.
Use the following values for the prompts:
Prompt 
Value 

Calculation Type 
Accumulation 

Calculate 
Current Value 

Interest Rate 
7 

Number of Years 
25 

Deposits per Year 
0 

Amount of Each Deposit 
0 

Type of Deposits 
Level Deposits 

Deposits Made at 
End of Period 

Future Value 
$1,000,000 
The Calculated Current Value shows 184,249.18.
If the interest rate was 8%, how much would the lump sum deposit be?
Enter '8' for the rate of return and press tab.
The Calculated Current Value shows $146,017.88.
What is the lump sum deposit required today if the client were to deposit $250 per month, increasing by 3% per year?
Change the following prompts to the values shown:
Prompt 
Value 

Deposits per Year 
12 

Amount of Each Deposit 
250 

Type of Deposits 
Annual Increase by Percent 

Annual Increase in Deposit 
3 
The Calculated Current Value shows $102,577.00.