The monthly investment is 1 0,000 yuan, so how much will this fund be in 20 years based on the annual investment income 10%?
A= 1000* 12 S is the final annuity value r= 10% n=20.
S=A( 1+r)n- 1/r Note that n in the formula is the n power of 1+r. I can only do this because I can't. I hope I can understand.
The final calculation result is about 687600.