Yahoo! Finance: "Redefining personal finance for India's middle class" --> FREE Limited time offer: Sign Up Now
HR Zone » General Awareness » Magic of Regular Savings

2190 Views
  4 Replies

+2
Vote Vote
Magic of Regular Savings
XXX
XXX Picture
787 Posts
back to top
Posted 20-02-2011Reply

MAGIC OF REGULAR SAVINGS

SAVE RS.5000/- EVERY MONTH FOR THE NEXT 5 YEARS

RS.5000 X 60 MONTHS = RS.3,00,000/-

ASSUMING A CONSERVATIVE RATE OF 14% PER ANNUM

AFTER 5 YEARS RS.3,00,000/- GROWS TO RS.4,36,003/-

WITHDRAW RS.5,000/- EVERY MONTH FOR THE REST OF YOUR LIFE
WITHOUT DISTURBING YOUR PRINCIPAL AMOUNT

WHEN U START WITHDRAWING FROM THE 6TH YEAR, THE INVESTED AMOUNT OF RS.3,00,000/- WHICH HAS GROWN TO RS.4,36,003/- AT THE END OF THE 5TH YEAR WILL ACTUALLY MOVE UPTO RS.4,38,445.55 AT THE END OF THE 10TH YEAR.

START INVESTING ON A REGULARLY
AND
CREATE WEALTH FOR THE FUTURE

Naresh Kumar
Naresh Kumar Picture
22 Posts
back to top
  Rated 0 | Posted 21-02-2011

Hi Hibiscus,

Great plan, Keep it up :)

Sandhya
Sandhya Picture
27 Posts
back to top
  Rated 0 | Posted 08-03-2011

Good calculations....But its true.........

Suneel
Suneel Picture
4 Posts
back to top
  Rated 0 | Posted 10-03-2011

Good Morning King!
This Suneel from Hyderabad.
Your saving plan is amazing and keep on posting.
Have a nice day.
All the best for your career.

Varsha
Varsha Picture
8 Posts
back to top
  Rated 0 | Posted 02-06-2011

Great Plan.

Keep posting such plans

+2
Vote Vote
Lessnote

Recently in HR Forums

Hitesh posted a new forum topic in
06-04-2023
Arun posted a new forum topic in
15-02-2023
 
Recent (10) | HR | Both
HR | Both   1 of 10
23-09-2019
27-01-2018
27-01-2018
07-08-2017
26-05-2017
Arun
Arun
Read this topic:
Joke ####@@@####
26-05-2017
25-05-2017
03-04-2017
27-03-2017
27-03-2017