1200 invested at 5%, at the end of the year will be worth 1200*1.05 = 1260.
If this is done yearly, for 45 years, it will be 45*1260 = 56700.
$491
$428.24
283.68
280.51
635.61
$491
If compounded and assuming the amount was 3180 dollars, it would be 784 dollars.
750 invested for 10 years at 10% pa would be 1,945
Different amounts are required for different investments. Contacting a Scottish Widows agent would be the best way to find out the lowest amount of money that can be invested.
$407.94
1136.23
556.34
Compounded yearly, you would end up with $11,901.16
$73053.88 when compounded month your yearly rate would be 0.061678% * * * * * True, but in real life the quoted interest rate, "6 percent compounded monthly", should read "an interest rate, such that, if it were compounded monthly, would give an annual equivalent rate of 6 percent". The equivalent of 6% annual is 0.487% monthly since 1.0048712 = 1.06
I would find someone that could invest the money in what interest you have. ie: real estate, oil, stocks or new construction, whatever. then send them an amount that would allow them to prove themselveves via pay-pal or bank transfer or courier (FedEX). as you see the return you can increase the amount invested. most work for a fee of amount invested or a percent of return. Let me know if I can be of service. David5, elitesteelhomes@aol.com
500 invested for 5 years at 7% interest compounded annually becomes 701.28
267.65