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an Excel formula problem calculate growth of an investment,

Customer Question
an Excel formula problem: calculate...
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: 6 years ago.Category: Networking
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Answered in 7 minutes by:
6/10/2011
Network Technician: John D, Engineering Consultant replied 6 years ago
John D
John D, Engineering Consultant
Category: Networking
Satisfied Customers: 9,666
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Hi,

 

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

 

 

 

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Customer reply replied 6 years ago

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

Network Technician: John D, Engineering Consultant replied 6 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

 

 

 

 

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Customer reply replied 6 years ago
the correct answer is $1097.60
Network Technician: John D, Engineering Consultant replied 6 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?

 

 

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Customer reply replied 6 years ago
that would be for one year
Network Technician: John D, Engineering Consultant replied 6 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
John D, Engineering Consultant
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Customer reply replied 6 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.

Network Technician: John D, Engineering Consultant replied 6 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
John D, Engineering Consultant
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Satisfied Customers: 9,666
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Customer reply replied 6 years ago
same result for at the end of ten years? or for one year?
Network Technician: John D, Engineering Consultant replied 6 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
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Customer reply replied 6 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

Network Technician: John D, Engineering Consultant replied 6 years ago

Ok could you give me the following values

 

1- Invested amount

2- Annual % growth

3- Number of years invested

4- Expenses percentage

 

 

 

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Customer reply replied 6 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

 

 

Network Technician: John D, Engineering Consultant replied 6 years ago

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

 

one moment...

 

 

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Network Technician: John D, Engineering Consultant replied 6 years ago

Ok using this formula:

 

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

 

the result is

 

$3,043.73

 

 

John D
John D, Engineering Consultant
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John D
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