Goal Planner

Name: Goal Planner
Rating: 5 (1 reviews)

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Description: Goal Planner will help you to plan for any financial goals like Child Education or Child Marriage. It calculates the monthly investment required for achieving the goal. You can give the goal present value, No of Years remain, Inflation (%) and rate of returns (%) on your investments.
Present Value: 8, 00,000
Number of Years remains: 15 Years
Rate of Return (%): 12
Inflation (%): 7

Future Value: 22, 07,225
Monthly Investment: 4,418
Lump sum Investment: 4, 03,252

Example: Suppose you want to plan for your Child education which costs 8, 00,000 today. The Number of Years remain is 15 years and the inflation you expect is 7% and you expect 12% return from your investments. In that case future value is 22, 07,225 and to achieve that future value you need to invest 4,418 per month or lump sum invest 4, 03,252.; MoreLess