Anonymous

20 Apr 2023

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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

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Lovestar

Edited 24 Apr 2023

Use valuewarrior calculator https://valuewarrior.blogspot.com/p/cpf-calcula...

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LLy

20 Apr 2023

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...

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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For Syfe Equity 100, the average annual return is around 13.8%. Can I calculate my projected return for 30 years with 13.8% using compound interest calculator?

What is the reason why CPF say by topping up your CPF SA in January each year earn more interest? Does that mean other month I will earn less interest?

I am considering Endowus but it needs to start at min 10k using CPF and monthly RSP for 10 to 15 years. With current Covid-19 market conditions and going down the road, should I wait for months to see and start later?

My mum is 49yo this year and is a kitchen helper earning around 1.8k per month before cpf deduction. OA - 11K, SA - 13K, MA - 12K Currently paying 711 for house with 15 years left (110k). What to do?

Do you think the CPF interest rates will increase or decrease in the next 20 years? Currently OA is 2.5%, SA is 4%?