J jamesk486 Jul 2010 18 0 Jul 27, 2010 #1 On January 1 of the years 2012, 2013, 2014 you will invest $10,000. What will your investment be worth on January 1, 2014 if the rate of return is 10%? just want to make sure if the equation is right 10,000(1.1)^2 + 10,000(1.1) + 10,000

On January 1 of the years 2012, 2013, 2014 you will invest $10,000. What will your investment be worth on January 1, 2014 if the rate of return is 10%? just want to make sure if the equation is right 10,000(1.1)^2 + 10,000(1.1) + 10,000

W Wilmer Dec 2007 3,184 558 Ottawa, Canada Jul 27, 2010 #3 That's correct. By formula: 1000(1.10^3 - 1) / .10 = 3310 Standard formula : A[(1 + i)^n - 1] / i A = Amount of regular investment (1000) i = interest rate (.10) n = number of periods (3)

That's correct. By formula: 1000(1.10^3 - 1) / .10 = 3310 Standard formula : A[(1 + i)^n - 1] / i A = Amount of regular investment (1000) i = interest rate (.10) n = number of periods (3)

W Wilmer Dec 2007 3,184 558 Ottawa, Canada Jul 28, 2010 #5 Yes.; for the future value of an annuity. "Annuity" is just another word for a regular periodic deposit/contribution/investment/whatever !

Yes.; for the future value of an annuity. "Annuity" is just another word for a regular periodic deposit/contribution/investment/whatever !