Subtract your basis (the contributions) to get the interest earned. |
You really spent X amount in after tax dollars to get Y. Y represents the amount of interest you have earned over the period. |
Future Value of an Ideal Investment = FV(Total Rate of Return, Years of Accumulation, Annual Contribution, Initial Balance, Contributions at Beginning of Period) Amount Invested = Initial Balance + sum of contributions Total less expenses = Future Value of an Ideal Investment - Amount Invested. A year-by-year illustration of this solution is displayed in worksheet form by clicking the Documentation button. |