Do anyone have a handy calculator to work out how much money you could have saved up with various parameters?
I can do it manually but I am too lazy ;D
For example
You put in R30K per year.
Every year you increase this amount with say 6.5%
Every year you also earn say 6.5% interest on this.
You do this for 40 years.
I am sure there must be a formula to work this out somewhere out there.
I can do it manually but I am too lazy ;D
For example
You put in R30K per year.
Every year you increase this amount with say 6.5%
Every year you also earn say 6.5% interest on this.
You do this for 40 years.
I am sure there must be a formula to work this out somewhere out there.