it depends on budget
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in 8 years it wll be 107.179
From hooker to scientist, the answer is up to you!
If t is the period in years, then the value of the investment after t years satisfies the equation Y = 1000+500 = 500*(1+10/100)t So that t = ln(3)/ln(1.1) = 11.5 years.
2 years. 10% of 500 is 50.
In the next 5, 10 or 20 years time and hoping to have settled in my career. I also anticipate that I will be happily married.