Yearly savings payments
1‘000
Time horizon (years)
35
Interest rate
2%
Growth rate of savings
2%
App 3: Present value of constant/growing yearly savings payments
0
1
2
3
4
5
6
7
8
9
11
13
15
17
19
21
23
25
27
29
31
33
35
T
0
5‘000
10‘000
20‘000
30‘000
Yearly savings payments
Present value
Present value:
34‘313.73
Future value:
68‘623.66
5‘000