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earnit
May 18, 2007, 05:06 AM
If I have an invest today, and I need an amount in 21 years. What interest rate must I earn?

I need 202,000 in 10 years, What do I need to invest at the end of each year @<hidden> 11% to meet my needs?
Dr D
May 18, 2007, 12:03 PM
Using my HP12C, I entered 202,000as Future Value, 11% as Interest, and 10 as the number of periods. Solving for the required payment, it spit out $12,079.89 per year. I believe that answer assumes the deposit at the begining of the year. It has been a while ince I have used this function.