Compound Interest - Calculating Time Required to Reach Goal -- e-Tools Age

	Compound Interest - Calculating Time Required to Reach Goal
	On this page, the calculator will help you figure out the investment period you need in order to meet your savings goal. Every investor must plan his finances in line with his goal, time horizon and risk appetite to reach the goal.
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Compound Interest Calculator	Calculating Interest Rate for Compounding	Calculating time required to reach goal


Principal amount Future amount Annual interest rate Number of times per year % Number of years:
The formula for calculating time required to reach goal: t =ln(F/p)/(ln(1+r/n)n) P =initial principal n = number of times the interest is compounded per year F = future amount after time t r = annual nominal interest rate t = number of years
Example usage: If you start a bank account with $1300 and your bank compounds the interest quarterly at an annual nominal interest rate is 4.8% . Your savings goal is $1900. Using the formula above, with P = 1300, F = 1900, n = 4, and r = 4.8: t=ln(1900/1300)/(ln(1+0.048/4)X4).So, the investment period is 8 years. Top Use: Compound Interest:Calculate time required - Principal:200 Future:10000 Interest Rate:8 Recent user inquiry: 2021/3/5 13:51Compound Interest:Calculate time required - Principal:4000 Future:5000 Interest Rate:5 2021/3/5 13:39Compound Interest:Calculate time required - Principal:1.33 Future:1.5 Interest Rate:0.49 2021/3/5 13:32Compound Interest:Calculate time required - Principal:50000 Future:1000000 Interest Rate:7 2021/3/5 13:07Compound Interest:Calculate time required - Principal:10000 Future:400000 Interest Rate:10 2021/3/5 12:12Compound Interest:Calculate time required - Principal:1900 Future:4560 Interest Rate:5.5