I need a forumula

GeekSpeak

I need a forumula

Posted by

Eri

on

6/14/2008 10:09:23 AM

Microsoft is useless for this (if what I need is on there, I can't find it).

Let's say I have X dollars ($100,000 is a nice round sum to use) at this time. It is drawing 5% interest. I want to know how much I should use monthly and have the balance be $0 at the end of 10 years.

Thanks!

Table of contents

Replies:

I need a forumula - Eri - 6/14/2008 10:09:23 AM
- Use Excell - nick hoffman - 6/18/2008 6:12:24 AM
  - re: Use Excell - Eri - 6/18/2008 5:32:47 PM
- Google "annuities". There's a thousand formulae. (n/t) - Bowser - 6/16/2008 6:10:01 PM
- How is the interest compounded? (n/t) - RobVg - 6/15/2008 10:04:12 PM
  - very carefully - alcaray - 6/17/2008 1:48:52 AM
    - Boy, 'that' was helpful... - RobVG - 6/17/2008 6:18:34 PM
      - An homage to the recently departed Dick Martin. (n/t) - alcaray - 6/18/2008 10:08:53 AM
      - Oh, SNAP! (n/t) - Yeti - 6/17/2008 8:41:45 PM
  - Daily (n/t) - Eri - 6/16/2008 10:20:48 AM
    - No kidding? - RobVG - 6/16/2008 10:09:47 PM
      - I checked today and it is definitely compounded daily (n/t) - Eri - 6/18/2008 5:34:05 PM
        Got started, might be awhile. (n/t) - RobVG - 6/18/2008 8:23:02 PM
        Thank you! (n/t) - Eri - 6/19/2008 9:46:56 AM
      - I can verify it tomorrow. (n/t) - Eri - 6/17/2008 7:32:38 PM
- $1055 per month. Here's a link to a calculator. - Bowser - 6/14/2008 10:41:37 AM
  - That's a cool site but it still doesn't have what I mentioned above. (n/t) - Eri - 6/14/2008 12:57:38 PM
    - With estimating it takes no time to do it. - Bowser - 6/14/2008 1:19:02 PM
      - re: With estimating it takes no time to do it. - Eri - 6/14/2008 10:22:40 PM
        Oh my! - Bowser - 6/15/2008 2:29:05 PM
  - Useful calculator - Eri - 6/14/2008 12:44:08 PM

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