Aim Inc. Blog: how much income do i need for retirement
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Thursday, May 16, 2019Calculate Future Value Assume you have $5,000 in your savings account right now and that your bank pays interest of 1.5% each year. Let’s use the future value formula to find out what your account will be worth in 40 years. PV = $5,000 t = 40 i = 1.5% Plugging those numbers into the formula, we get: READ MORE >>
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