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#12
06-09-2011, 10:15 AM
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I'm probably leaving out key information, but using a compound interest calculator at this site -- http://www.moneychimp.com/calculator...calculator.htm -- I entered the following values:
Principal: $1,500 Years to grow: 40 Interest is compounded four times annually (quarterly) Interest rate: 12 percent (which I thought was generous over the course of 40 years; some years the market will do better, other years worse) The calculated future value comes to $169,842. Changing the interest rate to 15 percent results in a future value of $542,235. EDITED TO ADD: I was typing as Max was posting. I think we're making the same point. Last edited by Rob D.; 06-09-2011 at 10:16 AM. 
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