Where to build your retirement fund in 10 years Bank or VUL Equity Fund? Possible return of Time deposit in bank If you start with P 0.00 in a savings account earning a 1.300% interest rate, compounded Annually, and make Php 10,000.00 deposits on a Monthly basis in ten years, after 30 Years your savings account will have grown to php 1,659,429.95-- of which Php 1,200,000.00 is the total investment, and php 459,429.95 is the total interest earnings. Breakdown: Bank Interest Rate for time deposit: 1.3% per annum Monthly Savings: php 10,000 Total Savings after 10 years: php 1,200,000 Total savings with interest after 30 years: php 1,659,429.95 Interest gain in 30 years: php 459,429.95 Possible return of VUL investments If you start with P 0.00 in a VUL account earning a 10 % interest rate, compounded Annually, and make Php 10,000.00 savings on a Monthly basis in ten years, after 30 Years your savings account will have grown to php 10,158,666.24 -- of which Php 1,200,000.00 is the total investment, and php 8,958,666.21 is the total interest earnings. The great thing about VUL is you are cover by life insurance while you building your retirement plan. Breakdown: VUL Equity Fund: 10 % per annum Monthly Savings: php 10,000 Total Savings after 10 years: php 1,200,000 Total savings with interest after 30 years: php 10,158,666.21 Interest gain in 30 years: php 8,958,666.21
Posted on: Mon, 25 Aug 2014 12:53:49 +0000
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