## How much would you have to invest today to receive $5000 each year for 10 years at 8 percent?

$5,000 each year for 10 years if the interest rate is 8% ( end of period payment). You need to invest **$33,550.4070** today earning 8% to have $5,000 every year for 10 years (first payment at the end of the year).

**What will $5000 invested for 10 years at 8 percent compounded annually grow to?**

Therefore, $5,000 invested at 8% for 10 years compounded annually will grow to **$10,794.62**.

**How much is $10000 at 10% interest for 10 years?**

If you invest $10,000 today at 10% interest, how much will you have in 10 years? Summary: The future value of the investment of $10000 after 10 years at 10% will be **$ 25940**.

**How long will it take you to double your money if you invest $1000 at 8% compounded annually?**

For example, if an investment scheme promises an 8% annual compounded rate of return, it will take approximately **nine years** (72 / 8 = 9) to double the invested money.

**What ROI would I need to double my money in 10 years?**

If you earn **7%**, your money will double in a little over 10 years. You can also use the Rule of 72 to plug in interest rates from credit card debt, a car loan, home mortgage, or student loan to figure out how many years it'll take your money to double for someone else.

**What is $5000 invested for 10 years at 10 percent compounded annually?**

Answer and Explanation:

The future value of the investment is **$12,968.71**. It is the accumulated value of investing $5,000 for 10 years at a rate of 10% compound interest.

**How much money will I have if I invest 500 a month for 10 years?**

Rate of return | 10 years | 30 years |
---|---|---|

4% | $72,000 | $336,500 |

6% | $79,000 | $474,300 |

8% | $86,900 | $679,700 |

10% | $95,600 | $987,000 |

**How much interest does 1 million dollars earn in 10 years?**

Bank Savings Accounts

As noted above, the average rate on savings accounts as of February 3^{rd} 2021, is 0.05% APY. A million-dollar deposit with that APY would generate **$500 of interest after one year** ($1,000,000 X 0.0005 = $500). If left to compound monthly for 10 years, it would generate $5,011.27.

**Can I live off interest on a million dollars?**

Historically, the stock market has an average annual rate of return between 10–12%. So if your $1 million is invested in good growth stock mutual funds, that means **you could potentially live off of $100,000 to $120,000 each year without ever touching your one-million-dollar goose.**

**What will 500k be worth in 20 years?**

Investment Return | Future Value of 500,000 in 20 Years |
---|---|

4.75% | 1,264,884 |

5% | 1,326,649 |

5.25% | 1,391,272 |

5.5% | 1,458,879 |

## What is the rule of 69?

Rule of 69 is **a general rule to estimate the time that is required to make the investment to be doubled, keeping the interest rate as a continuous compounding interest rate**, i.e., the interest rate is compounding every moment.

**Which stock will double in 3 years?**

S.No. | Name | CMP Rs. |
---|---|---|

1. | Guj. Themis Bio. | 368.35 |

2. | Refex Industries | 663.45 |

3. | Tanla Platforms | 979.90 |

4. | M K Exim India | 81.24 |

**What is the 8 4 3 rule of compounding?**

The 8-4-3 rule implies that your money should double roughly every 8 years if invested at an average annual return of 8%. By applying this rule, **your money doubles every 8 years, quadruples in 16 years, and multiplies by 8 in 24 years** due to compounding.

**What will $10,000 be worth in 20 years?**

The table below shows the present value (PV) of $10,000 in 20 years for interest rates from 2% to 30%. As you will see, the future value of $10,000 over 20 years can range from **$14,859.47 to $1,900,496.38**.

**What is the 7 year double money rule?**

How the Rule of 72 Works. For example, the Rule of 72 states that **$1 invested at an annual fixed interest rate of 10% would take 7.2 years ((72/10) = 7.2) to grow to $2**.

**What is a millionaires best friend ramsey?**

Here's a little secret: **compound interest** is a millionaire's best friend. It's really free money.

**How much is $10000 for 5 years at 6 interest?**

Summary: An investment of $10000 today invested at 6% for five years at simple interest will be **$13,000**.

**What is the simple interest earned on a deposit of $3000 at 6 for 5 years?**

Final answer: The simple interest earned on a deposit of $3,000 at an annual interest rate of 6% for 5 years is calculated using the formula **I = PRT** and results in $900.

**How many years will it take to double your investment of $10 000 at an interest rate of 6?**

So, if the interest rate is 6%, you would divide 72 by 6 to get 12. This means that the investment will take about **12 years** to double with a 6% fixed annual interest rate.

**How much money do I need to invest to make $4000 a month?**

Too many people are paid a lot of money to tell investors that yields like that are impossible. But the truth is you can get a 9.5% yield today--and even more. But even at 9.5%, we're talking about a middle-class income of $4,000 per month on an investment of **just a touch over $500K**.

## How much money do I need to invest to make $1000 a month?

Calculate the Investment Needed: To earn $1,000 per month, or $12,000 per year, at a 3% yield, you'd need to invest a total of **about $400,000**.

**How long to become a millionaire investing $1,000 a month?**

We'll play it safe and assume you get an annual return of 8%. If you invest $1,000 per month, you'll have $1 million in **25.5 years**. Data source: Author's calculations.

**How much money do I need to live off interest?**

Many Americans need **at least $1 million** invested to live off interest, but it varies.

**How long can you live off the interest of 1 million dollars?**

Around the U.S., a $1 million nest egg can cover an average of 18.9 years worth of living expenses, GoBankingRates found. But where you retire can have a profound impact on how far your money goes, ranging from as **a little as 10 years in Hawaii to more than than 20 years in more than a dozen states**.

**At what age can you retire with $1 million dollars?**

Yes, it is possible to retire with $1 million **at the age of 65**. But whether that amount is enough for your own retirement will depend on factors that include your Social Security benefits, your investment strategy and your personal expenses.