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rob, Sun 1 Apr 2001, 1:00)
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I just did it by hand and got £751707.72But I assumed that the 5% would be paid at the end of year 1, not year 2. You would expect investment growth in the first year, but I have simplified the £1000 a month plus tax relief to £15000 a year which will slightly skew the result.
(, Tue 11 Oct 2011, 22:52, 1 reply, 14 years ago)
But then I used Excel and got 641764.50 in year 25.Adjusted for the AMC at 1.5% until year ten, then 1% from 11-25.
(, Tue 11 Oct 2011, 23:06, Reply)
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