Use the formula..
Amount= Principal(1+i)^n where i is interest rate and n is years.
Use the formula..
Amount= Principal(1+i)^n where i is interest rate and n is years.
1.one of your cliets has 10000 to invest and would like to see it grow to 30000 over the next 20 years. what average yearly rate return does this client need to meet that goals
2.another client wants to see their money grow to 15000 in the next 3 years. the portfolio you propose to them is conservatively estimated to earn 12% per year. assuming the rate of return is accurate, how much principal does this client need to invest to meet thier goal
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