With ard 10k of initial amount, i have two goal for references:
1.Low/ moderate return
Your monthly deposit for 15 years of $ 1000.00
for an interest rate of 5.000 % compounded annually
with an initial amount of $ 10000.00:
| Year | Balance |
| 0 | $ 22,790.47 |
| 1 | $ 36,235.33 |
| 2 | $ 50,368.06 |
| 3 | $ 65,223.84 |
| 4 | $ 80,839.67 |
| 5 | $ 97,254.44 |
| 6 | $ 114,509.01 |
| 7 | $ 132,646.37 |
| 8 | $ 151,711.66 |
| 9 | $ 171,752.37 |
| 10 | $ 192,818.41 |
| 11 | $ 214,962.22 |
| 12 | $ 238,238.95 |
| 13 | $ 262,706.56 |
| 14 | $ 288,425.98 |
2. Medium High Return
Your monthyl deposit for 15 years of $1000.00
for an interest rate of 10.000% compounded
annually
with an initial amount of $10,000.00
| Year | Balance |
| 0 | $ 23,612.70 |
| 1 | $ 38,650.82 |
| 2 | $ 55,263.64 |
| 3 | $ 73,616.03 |
| 4 | $ 93,890.16 |
| 5 | $ 116,287.26 |
| 6 | $ 141,029.62 |
| 7 | $ 168,362.83 |
| 8 | $ 198,558.19 |
| 9 | $ 231,915.39 |
| 10 | $ 268,765.53 |
| 11 | $ 309,474.37 |
| 12 | $ 354,445.94 |
| 13 | $ 404,126.63 |
| 14 | $ 459,009.54 |
Final Saving Balanced: $459,009.54
