App 2: Future value (nominal & real) of single savings payment
Single savings payment
Amount
1,000
Time horizon (years)
Years
20
Rates
Interest rate
3.00%
Inflation rate
1.00%
Compute
Initial:
1,000
Future value (nominal):
1,806.11
Future value (real):
1,480.19
Single savings payment made now
Future value (nominal)
Future value (real)
Waiting…