Determine the Required Savings to Reach a Financial Goal

This video shows how to calculate the required monthly saving need to reach a financial goal using the value of an annuity formula.
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[@Z.V.13]

I WAS LITERALLY ABOUT TO FAIL MY FINANCIAL ALGEBRA FINAL, THANK YOU SO MUCH

[@Mathispower4u]

I am glad I could help you.

[@dmk9811]

All of the math vids put out by mathispower have been extremely helpful! LOVE!! I will be sharing these with my son when he needs them. Thanks!!

[@Mathispower4u]

Thank you! I appreciate you sharing my content with others. 😀

[@White_King]

Man I don't have words to thank you, and that I can understand english because this information is not in Spanish anywhere :( you really help me and my family

[@Mathispower4u]

I am glad I could help you and your family. That makes my work worth it!

[@melissac589]

this was a life saver thank you so much 4:05

[@Hypoksi]

Thank you. I have been looking for this for so long now. If its in my text book its hidden really well.

[@richardatkinson6031]

Your dad would be very proud.

[@dodgingdurangos924]

Do you have a video that shows how to calculate monthly retirement savings needed that also has an inflation rate built into the model?

[@youngdimaggio8446]

Thanks a lot man. You got yourself another subscriber.

[@Mathispower4u]

I appreciate you subscribing! Thank you.

[@woodchuk1]

Can you use this formula if the frequency of deposits doesn’t match the compounding interval? For example, depositing every 3 months (quarterly) in an account that is compounded monthly. Would the math change?

[@Jarter3rd]

i believe you want add up however many deposit you have per month and that would be the compound monthly

[@justinzonts]

how would you calculate it if I already had a PV? So I wanted to attain 15500 in 5 years, I already have 1000 and I get 5%. How do I calculate that payment?

[@shubhammishra-zk5tk]

How would we calculate this - if I'm depositing 500 amount monthly at the rate of interest 5% half yearly for 2 years. How much total money will I get at the end..?........ Please solve it.

[@jesseknapp5991]

I have a question. My professor gave us this video to solve a problem that does not include the word 'compound.' Says You want 600000 in 35 years with an 8% interest rate. how much do you need to deposit each month. How much interest will you earn? That is all the information provided. How do I know how to solve that? I don't have a starting amount, a compound period, or if it is even compounding at all.

[@Mathispower4u]

I would check but I think it is sometimes assumed the interest would be compounded monthly if you are making monthly deposits.

[@nikkiduckett6752]

Thank you for your video

[@Gruiz626]

Great video! Thanks for the post

[@chinitadelacruz8754]

Thanks so much!