If I save $ 190.00 month for 12 years.....?

Question

If I invest $ 190.00 per month for 12 years, and I get a 10 % return in the stock market, how much money will I have ?

Answer 1

You would have 52523.20

PV=0

i=12*12=144

n=10/12=.8333

pmt=190

Answer 2

$53,631.78

This assumes that you average a 10% return from your January contribution to your December contribution per each year you invest. This also assumes that you continually invest every month for the next 12 years.