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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 |
The formula for calculating time required to reach goal: t =ln(F/p)/(ln(1+r/n)n)
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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: ![]() Recent user inquiry:
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