Last updated on Tue, 23 Apr 2024 19:26 UTC
Finance
Investing/Retirement
NPER
Age when I will reach target amount given starting amount and monthly payments note pmt and pv are negative
=(NPER(0.05 / 12, -100000 / 12, -150000, 2500000) / 12) + 31
PMT
Minimum payment needed to reach target amount given target retirement age and starting age note pv and result are negative
=-PMT(0.05/12, (45-31)*12, -150000, 2500000) * 12
PV
Minimum starting amount to reach target amount given monthly payments and retirement age note pmt and result are negative
=-PV(0.05/12, (45-31)*12, -100000/12, 2500000)
FV
Amount you will have at end of annuity given starting amount note pmt and pv are negative
=FV(0.05/12, (45-31)*12, -100000/12, -150000)
RATE
Annual ROI from stock market needed to reach target goal note pmt and pv are negative
=RATE((45-31)*12, -100000/12, -150000, 2500000) * 12