facebookHow do I calculate the compounded interest for 10 years, if: Current bal in SA: 145K Monthly contri in SA: 479 Period: 10 years - Seedly

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Anonymous

20 Apr 2023

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CPF

How do I calculate the compounded interest for 10 years, if: Current bal in SA: 145K Monthly contri in SA: 479 Period: 10 years

Please help me calculate the final sum in SA if:

Current bal in SA: 145K
Monthly contri in SA: 479
Period: 10 years

Discussion (3)

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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.

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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