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Future Value of a Lump Sum Deposit |
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Future Value of a Lump Sum Deposit |
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Future Value of a Lump Sum Deposit
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Future Value of a Lump Sum Deposit |
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Future Value of a Lump Sum Deposit |
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A client has accumulated $50,000 in retirement funds. What will their account balance be in 15 years if they had a 6.5% average annual rate of return?
Use the following values for the prompts:
Prompt |
Value |
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Type of Fund |
Future Value |
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Current Account Value |
50000 |
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Type of Deposits |
Level Deposits |
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# of Deposits/Year |
1 |
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Amount of Each Deposit |
0 |
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Deposits Made at |
End of Period |
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Interest Rate |
6.5 |
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# of Years |
15 |
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Future Value |
Do not enter value |
Place the cursor on the Future Value prompt and click on the 'Calculate Cursor Line' button.
The account will grow to $128,592.05.