COST OF

 

 

 WAITING compound Interest @ 12%
Individual A Individual B Individual C
$2000 per year for 6 yrs $2000 per year for 37 yrs $17000 per year for 20 yrs
          per year for 20
           
  Year End   Year End   Year End
Age    Payment Accumulation    Payment Accumulation Payment Accumulation
           
22 $2,000   $2,240 0 0 $0 $0
23 $2,000 $4,749 0 0 $0 $0
24 $2,000 $7,559 0 0 $0 $0
25 $2,000 $10,706 0 0 $0 $0
26 $2,000 $14,230 0 0 $0 $0
27 $2,000 $18,178 0 0 $0 $0
28 0 $20,359 $2,000   $2,240 $0 $0
29 0 $22,803 $2,000 $4,749 $0 $0
30 0 $25,539 $2,000 $7,559 $0 $0
31 0 $28,603 $2,000 $10,706 $0 $0
32 0 $32,036 $2,000 $14,230 $0 $0
33 0 $35,880 $2,000 $18,178 $0 $0
34 0 $40,186 $2,000 $22,599 $0 $0
35 0 $45,008 $2,000 $27,551 $0 $0
36 0 $50,409 $2,000 $33,097 $0 $0
37 0 $56,458 $2,000 $39,309 $0 $0
38 0 $63,233 $2,000 $46,266 $0 $0
39 0 $70,821 $2,000 $54,058 $0 $0
40 0 $79,320 $2,000 $62,785 $0 $0
41 0 $88,838 $2,000 $72,559 $0 $0
42 0 $99,499 $2,000 $83,507 $0 $0
43 0 $111,438 $2,000 $95,767 $0 $0
44 0 $124,811 $2,000 $109,499 $0 $0
45 0 $139,788 $2,000 $124,879 $0 $0
46 0 $156,563 $2,000 $142,105 $17,000   $19,040
47 0 $175,351 $2,000 $161,397 $17,000 $40,365
48 0 $196,393 $2,000 $183,005 $17,000 $64,249
49 0 $219,960 $2,000 $207,206 $17,000 $90,998
50 0 $246,355 $2,000 $234,310 $17,000 $120,958
51 0 $275,917 $2,000 $264,668 $17,000 $154,513
52 0 $309,028 $2,000 $298,668 $17,000 $192,095
53 0 $346,111 $2,000 $336,748 $17,000 $234,186
54 0 $387,644 $2,000 $379,398 $17,000 $281,328
55 0 $434,161 $2,000 $427,166 $17,000 $334,128
56 0 $486,261 $2,000 $480,665 $17,000 $393,263
57 0 $544,612 $2,000 $540,585 $17,000 $459,495
58 0 $609,966 $2,000 $607,695 $17,000 $533,674
59 0 $683,162 $2,000 $682,859 $17,000 $616,755
60 0 $765,141 $2,000 $767,042 $17,000 $709,806
61 0 $856,958 $2,000 $861,327 $17,000 $814,022
62 0 $959,793 $2,000 $966,926 $17,000 $930,745
63 0 $1,074,968 $2,000 $1,085,197 $17,000 $1,061,475
64 0 $1,203,964 $2,000 $1,217,661 $17,000 $1,207,892
65 0   $1,348,440 $2,000   $1,366,020 $17,000   $1,371,879