I want to start investing 20k every month for the next 15 or 20 years. I want something to retire on by the time I turn 50. I want to do this based on compounding interest because I won’t be ...Read more
Fokona Latest Questions
Let’s say I want to save 10,000 per month for two years and the interest for each month is 0.25%, how do I calculate to know my total interest for the two month.
What’s the difference or similarity between COMPOUND INTEREST and ANNUITIES?
Example Scenario 1: My initial investment is 50,000, monthly contribution is 50,000 and 2 months later i contributed 500,000 Scenario 2. My initial investment 500,000 and monthly contributions is 50,000. In both scenario, both at 20 year period and at 15%. ...Read more
Want to invest in compound interest platform, which applications did you suggest for to use
What will be the interest in a month if 20,000 is invested monthly with an interest rate of 17% per year?