01-02-2007, 06:35 PM
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Super Moderator
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Join Date: Apr 2005
Location: Albuquerque, New Mexico USA
Posts: 1,380 | Points: ( Donate)
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Quote:
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Originally Posted by nana
This is the compouding formula you need to do calculation, assuming starting with 500, and get 10% per month, there are 240 months in 20 years.
Total account value after 20 years = $500*(1+10%)^240
=$4,297,485,720,534
That's it.
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lol, nana- no, i mean give us a number like you said- "more realistic" target. 
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get the cd. it's how money gets made.
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