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Anonymous
Please help me calculate the final sum in SA if:
Current bal in SA: 145K
Monthly contri in SA: 479
Period: 10 years
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You can also use the calculator provided in CPF website, but you also have to input the interests rate manually & select "What is the final value of my savings or investment?"
https://www.cpf.gov.sg/eSvc/Web/Schemes/Savings...
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I wonder why they (CPF/govt) don't do one for CPF accounts, ie they programmed in the EIR (with the extra 1% bonus) and we don't have to input manually.
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Pang Zhe Liang
20 Apr 2023
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
You may apply the concept on Time Value of Money to perform the required calculation. For this purpo...
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