Sebastian TC
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If you have 0% interest rate over the period and if you make the assumption of a 2% annual inflation rate, you would have approx. £3,074 in 15 years (in 2006 pounds).
If you have 5% interest rate over the same period, and with the same assumption concerning the inflation rate, your earnings would add up to approx. £4,597.
Hoping it makes things clearer for you. |
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dj j
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without interest u talking £3600 with interest probably £4000 approx depending on interest rates |
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becs
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depends what interest rate your are earning its 3600 without interest |
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kenny k
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u cnt work it out coz the interest rates will change |
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buttons
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That would depend on the interest rate. |
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Ollie
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You would be better off taking out a ISA its tax free savings. |
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pasado manana tu madre
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you couldnt answer that because the intrest rate will change dramaticaly in that time |
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Kitty
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$3,600. A banks interest around here is barely 1% but with inflation being 5% you better make more than that in interest or you basically made nothing or even lost.
This isn't suppose to make you NOT want to save but to save in a different area such as a mutual fund and put in MORE than just $20. If you can only afford $20 now well at least its a start. |
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daniel_son_bonsai
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well you would have 3600 with out interest. with the interest probably another 5 on top |
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t4capricorn
 |
Nothing unless u keep the acct active, otherwise it depends on the prevailing interest given by the bank as well as whether the money is in a fixed tenure acct. But in some countries like Japan u hv to pay the bank to place yr money with them, they are not interested in safe-keeping yr money for u... Great world huh? |
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TellMeWhy?
 |
Depends on the interest rate |
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Brian Da Dog
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Need more information to determine this. You have to tell us the rate, if the intrested is compunded, and if so what rate of compounding. |
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happyliberal
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You don't give the interest rate so it is impossible to work out |
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angie
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We need the interest rate in order to work this out and you need to state whether you are entitled to Gross or Net interest. |
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yellow_raven1978
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it depends what the interset rate is.
an aggressive savings account (1%) would put you at around 4200 pounds after interest
an aggressive money market (5%) would put you around 5000 pounds.
this is if it is compounded annually. the rates are PROBABLY compounded monthly or quarterly, but I don't have the time to calculate those rates right now.
also, these rates can fluctuate, but htis is an estimate given interst rates i see published here (Chicago) |
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Starlight
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Well you saved 3600,-- But I dont know which Interestrate you have |
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biron Q
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Logic: depends on the interest rate. |
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