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Rate of Return Required |
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Rate of Return Required |
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Rate of Return Required
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Rate of Return Required |
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Rate of Return Required |
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What is the interest rate required to have $10,000 in 10 years with monthly deposits of $50.00 per month?
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 |
0 |
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Type of Deposits |
Level Deposits |
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# of Deposits/Year |
12 |
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Amount of Each Deposit |
50 |
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Deposits Made at |
End of Period |
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Interest Rate |
Do not enter value |
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# of Years |
10 |
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Future Value |
10000 |
Place the cursor on the Interest Rate prompt and click on the 'Calculate Cursor Line' button.
The required rate of return is 10.0130%.