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  1. #1
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    Excel 2003
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    Return Question

    If I have $2k and the return will be 6% for the next nine years what's the formula? Thanks

  2. #2
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    08-11-2009
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    Re: Return Question

    =FV(rate,nper,pmt,(pv))
    =FV(.06,9,0,-2000)

    If, for example, you want monthly compounding instead of annual, then you'd divide your interest rate by 12 and multiply your number of periods by 12.... =FV(.06/12,9*12,0,-2000)

  3. #3
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    Re: Return Question

    ?

    Thanks you guys are the best!
    Last edited by justlearning; 06-14-2010 at 05:49 PM. Reason: already posted

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