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If you save $15 per day how much would you have in 20 years?


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#31 +zhiVago

zhiVago

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Posted 26 June 2013 - 15:07

Where did you get that number from? According to my quick dash in Excel it should be an effective interest rate of 1.005% which also is agreed to by Wikipedia.

 

Far below the 2% inflation target of the Federal Reserve.

 

My apologies, I punched in the wrong numbers (it was a hard long day at work and it's +30C outside). Basically, I accrued each month, instead of once a year.