How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask John D Your Own Question

John D
John D, Engineering Consultant
Category: Networking
Satisfied Customers: 9658
Experience:  Bachelor of Science - Engineering Consultant
53785
Type Your Networking Question Here...
John D is online now
A new question is answered every 9 seconds

an Excel formula problem calculate growth of an investment,

Resolved Question:

an Excel formula problem:
calculate growth of an investment, with a regular/consistent gain each year, but with a exspense deduct every year. Example: invest $1000, it grows 12%, but then there is a 2% exspense deducted each year. Does Excell have a formula to calculate this?
Have Excel 2010, and Win 7.
Submitted: 3 years ago.
Category: Networking
Expert:  John D replied 3 years ago.

Hi,

 

So isn't that the same as net growth of 10% (i.e. 12%-2%)

 

 

 

Customer: replied 3 years ago.

Your answer// net growth, 12$ an -@% NO not the same. add 12%, then subtract 2% of that number. the result becomes the $$ invested next year, and begin again

Expert:  John D replied 3 years ago.

Not sure I understand what you are trying to say!

 

I never said anything about 12$. If you read my reply I typed the arithmetic expression for this statement

12 percent less 2 percent equals 10 percent

 

 

 

 

Customer: replied 3 years ago.
the correct answer is $1097.60
Expert:  John D replied 3 years ago.

I wish I have crystal ball with me today so it could tell me the number of years you are applying this to... lol

 

How many years is this answer calculated for?

 

 

Customer: replied 3 years ago.
that would be for one year
Expert:  John D replied 3 years ago.

Thanks.

 

Ok here you go

 

=FV(0.12,1,,-1000*0.98)

 

(just copy the above formula and paste it as is into any cell)

 

Hope this is ok. Let me know if you have any questions, and thank you for clicking Accept if you are satisfied with the solution

John D, Engineering Consultant
Category: Networking
Satisfied Customers: 9658
Experience: Bachelor of Science - Engineering Consultant
John D and 2 other Networking Specialists are ready to help you
Customer: replied 3 years ago.

first, add .12% then subtract 2% I am using Excell, enter .2% and 12%

I will leave *.98 to those better at math.

Expert:  John D replied 3 years ago.

Thanks

 

the 0.98 is (1-0.02) or (100%-2%). So you can replace the 0.98 in the formula by

 

=FV(0.12,1,,-1000*(100%-2%))

 

which will give you the same result

 

 

 

 

John D, Engineering Consultant
Category: Networking
Satisfied Customers: 9658
Experience: Bachelor of Science - Engineering Consultant
John D and 2 other Networking Specialists are ready to help you
Customer: replied 3 years ago.
same result for at the end of ten years? or for one year?
Expert:  John D replied 3 years ago.

 

 

Ok this is the modified formula which returns the growth of a $1000 investment over a period of 10 years at 12% annual interest and 2% expense deduction

 

=FV(0.12,10,,-1000*0.98)

 

Please try it and let me know if you have any questions

 

 

 

John D, Engineering Consultant
Category: Networking
Satisfied Customers: 9658
Experience: Bachelor of Science - Engineering Consultant
John D and 2 other Networking Specialists are ready to help you
Customer: replied 3 years ago.

Could not get the FV function to work right, $3107.x; doing year, I get $3355.63

using your version, guess I m essed up, that was way off. progress comes stages

Expert:  John D replied 3 years ago.

Ok could you give me the following values

 

1- Invested amount

2- Annual % growth

3- Number of years invested

4- Expenses percentage

 

 

 

Customer: replied 3 years ago.

$1000, 12% gro each year; 10 years; expenses each year 2%

what are we doing up so late? now 4 am for you

 

 

Expert:  John D replied 3 years ago.

lol... no I'm in California, 9:40 pm

 

one moment...

 

 

Expert:  John D replied 3 years ago.

Ok using this formula:

 

=FV(0.12,10,,-1000*0.98)

 

the result is

 

$3,043.73

 

 

John D, Engineering Consultant
Category: Networking
Satisfied Customers: 9658
Experience: Bachelor of Science - Engineering Consultant
John D and 2 other Networking Specialists are ready to help you

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • I am very happy with my very fast response. Eric is very knowledgeable in the subject area. Thank you! RP Austin, TX
< Last | Next >
  • I am very happy with my very fast response. Eric is very knowledgeable in the subject area. Thank you! RP Austin, TX
  • My Expert answered my question promptly and he resolved the issue totally. This is a great service. I am so glad I found it I will definitely use the service again if needed. One Happy Customer New York
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
  • I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin Kernersville, NC
  • Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther Woodstock, NY
 
 
 

Meet The Experts:

 
 
 
  • James

    Sr. Network Administrator

    Satisfied Customers:

    1711
    Highly experienced with wireless networks and wireless equipment, LAN and networking protocols
< Last | Next >
  • http://ww2.justanswer.com/uploads/BA/barrenrock/2011-10-19_215925_JamesJAFinal.64x64.jpg James's Avatar

    James

    Sr. Network Administrator

    Satisfied Customers:

    1711
    Highly experienced with wireless networks and wireless equipment, LAN and networking protocols
  • http://ww2.justanswer.com/uploads/Claws224/2009-07-07_063935_Dork_Portrait.JPG Claws224's Avatar

    Claws224

    IEEE Network Engineer

    Satisfied Customers:

    1256
    IEEE, Microsoft
  • http://ww2.justanswer.com/uploads/KN/knelly74/2011-4-14_215651_kevin.64x64.jpg Kevin's Avatar

    Kevin

    LAN/WAN Specialist

    Satisfied Customers:

    1165
    Certified MCSA and MCP Network Administrator with over 20 years of PC experience.
  • http://ww2.justanswer.com/uploads/tealnet/2009-09-26_000218_headshot_64.jpg Eric K.'s Avatar

    Eric K.

    Network Administrator

    Satisfied Customers:

    510
    13 years of desktop, server and network support experience
  • http://ww2.justanswer.com/uploads/CL/clagesolutions/2012-6-27_145545_20120608Geoff.64x64.jpg Mr. Clark's Avatar

    Mr. Clark

    Network Engineer

    Satisfied Customers:

    510
    Computer Business Owner / Former DoD Network Specialist
  • http://ww2.justanswer.com/uploads/MA/matthewpj73/2012-1-20_18729_TWO.64x64.jpg Matthew J's Avatar

    Matthew J

    Computer Support Specialist

    Satisfied Customers:

    397
    12+ yrs computer diagnosis/repair, network infrastructure install and support, IT Administration
  • http://ww2.justanswer.com/uploads/SE/Seashore2011/2011-12-6_33418_111205223015.64x64.jpg Chris L.'s Avatar

    Chris L.

    Support Specialist

    Satisfied Customers:

    384
    Certified Networking expert with over 10 years experience.