ÿþ<HTML> <HEAD> <TITLE>Investment Returns</TITLE> <META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=iso8859-1"> <META NAME="description" CONTENT="Financial Calculators, ©1998-2010 KJE Computer Solutions, LLC. For more information please see http://www.dinkytown.net"> <STYLE> <!-- BODY, TABLE, TD, TH, UL, OL, DD, DL, P, BR { font-family: helvetica, arial, sans-serif; font-size: 10pt; } H1 { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } DT { font-family: helvetica, arial, sans-serif; font-size: 10pt; font-weight: bold; } P.footer { font-family: helvetica, arial, sans-serif; font-size: 9pt; } DIV.large { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } --> </STYLE> </HEAD> <!-- Financial Calculators, ©1998-2008 KJE Computer Solutions, LLC. 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For more information please see: <A HREF="http://www.dinkytown.net">http://www.dinkytown.net</A> --> <H1>Investment Returns</H1><P>Meeting your long-term investment goal is dependent on a number of factors. This not only includes your investment capital and rate of return, but inflation, taxes and your time horizon. This calculator helps you sort through these factors and determine your bottom line. Click the "View Report" button for a detailed look at the results.<P><CENTER> <!--[if IE]><object name="calculator" classid="clsid:8AD9C840-044E-11D1-B3E9-00805F499D93" codebase="http://java.sun.com/update/1.6.0/jinstall-6-windows-i586.cab#Version=1,4,0,0" height="400" width="565"><param name="code" value="InvestmentReturn" /><param name="archive" value="dinkytown.jar" /> <P style="font-size:1px; color: #ffffff" line-height: 1px><![endif]--><![if !IE]><P style="font-size:1px; color: #ffffff" line-height: 1px><![endif]></P><![if !IE]><APPLET name="calculator" code="InvestmentReturn.class" align="baseline" WIDTH="565" HEIGHT="400" archive="dinkytown.jar"><![endif]> <PARAM name="YEARS" value="25"> <PARAM name="RATE_OF_RETURN" value="8"> <PARAM name="INITIAL_INVESTMENT" value="100000"> <PARAM name="INFLATION_RATE" value="3.1"> <PARAM name="ANNUAL_INVESTMENTS" value="1000"> <PARAM name="MSG_TAX_RATE" value="Tax rate"> <PARAM name="TAX_RATE" value="15"> <PARAM name="SHOW_VALUE_AFTER_INFLATION" value="1"> <PARAM name="SHOW_ACTUAL_VALUES" value="1"> <PARAM name="ADJUST_ANNUAL_INVESTMENT_FOR_INFLATION" value="1"> <PARAM name="MSG_EXCEEDS_LIMIT" value="Investment total exceeds 120 trillion."> <PARAM name="MSG_YEARS" value="Years"> <PARAM name="MSG_RATE_OF_RETURN" value="Rate of return"> <PARAM name="MSG_INITIAL_INVESTMENT" value="Initial investment"> <PARAM name="MSG_INFLATION_RATE" value="Inflation rate"> <PARAM name="MSG_ANNUAL_INVESTMENTS" value="Annual investments"> <PARAM name="MSG_SHOW_ACTUAL_VALUES" value="Actual values"> <PARAM name="MSG_SHOW_VALUE_AFTER_INFLATION" value="After inflation"> <PARAM name="MSG_ADJUST_ANNUAL_INVESTMENT_FOR_INFLATION" value="Adjust for inflation"> <PARAM name="MSG_NO_ADJUST_INFLATION" value="Keep the same"> <PARAM name="MSG_ANNUAL_INVESTMENTS" value="Annual investments:"> <PARAM name="MSG_SHOE_TOTALS_AS" value="Show totals as:"> <PARAM name="MSG_COMPOUND_INTEREST" value="Compound interest total"> <PARAM name="MSG_SIMPLE_INTEREST" value="Simple interest total"> <PARAM name="MSG_CAPITAL" value="Invested capital total"> <PARAM name="MSG_TITLE_START" value="Investment totals"> <PARAM name="MSG_TITLE_MIDDLE" value="after"> <PARAM name="MSG_TITLE_END" value="years."> <PARAM name="MSG_INFLATION_BEFORE" value="before"> <PARAM name="MSG_INFLATION_AFTER" value="after"> <!--CUSTOM PARAMETERS--> <PARAM name="TEXT_FOR_REPORT" value="<HTML> <HEAD> <TITLE>Investment Returns</TITLE> <META HTTP-EQUIV='Content-Type' CONTENT='text/html; charset=iso8859-1'> <META NAME='description' CONTENT='Financial Calculators, &QCPQ;1998-2010 KJE Computer Solutions, LLC. For more information please see http://www.dinkytown.net'> <STYLE> <!-- BODY, TABLE, TD, TH, UL, OL, DD, DL, P, BR { font-family: helvetica, arial, sans-serif; font-size: 10pt; } H1 { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } DT { font-family: helvetica, arial, sans-serif; font-size: 10pt; font-weight: bold; } P.footer { font-family: helvetica, arial, sans-serif; font-size: 9pt; } DIV.large { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } --> </STYLE> </HEAD> <BODY bgcolor='#FFFFFF' LINK='#003399' VLINK='#666666' BGCOLOR='#FFFFFF'> <CENTER><table border=0 bgcolor='#000000' width=468 cellspacing=1 cellpadding=0><tr><td width='100%'><table bgcolor='#FFFFDD' border=0 width=468 cellspacing=1 cellpadding=5><tr><td width='100%' align=center valign=middle><DIV class=large>Investment Returns</DIV></td></tr></table></TD></TR></TABLE></CENTER> <H1>After YEARS years you could have INVESTMENT_FINAL_TOTAL.</H1>**GRAPH**<P>Your original investment of INITIAL_INVESTMENT plus your annual investments could be worth INVESTMENT_FINAL_TOTAL after YEARS years. This assumes an annual rate of return of RATE_OF_RETURN and all of your annual investments happen at the beginning of the year. All values are shown MSG_INFLATION_ACCOUNT inflation is taken into account. <P><CENTER><table border=0 bgcolor='#000000' width=95% cellspacing=1 cellpadding=0><tr><td width='100%'><table bgcolor='#FFFFFF' border=0 width=100% cellspacing=1 cellpadding=5> <TR BGCOLOR='#CCCCCC'><TD COLSPAN=2><CENTER><B>Input Summary</B></CENTER></TD></TR> <TR><TD><b>Years </b> </TD><TD> YEARS </TD></TR> <TR><TD><b>Rate of return </b> </TD><TD> RATE_OF_RETURN </TD></TR> <TR><TD><b>Initial investment </b> </TD><TD> INITIAL_INVESTMENT </TD></TR> <TR><TD><b>Annual investments </b> </TD><TD> ANNUAL_INVESTMENTS </TD></TR> <TR><TD><b>Inflation rate </b> </TD><TD> INFLATION_RATE </TD></TR> <TR><TD><b>Tax rate </b> </TD><TD> TAX_RATE </TD></TR> <TR><TD><b>Show actual values? </b> </TD><TD> SHOW_ACTUAL_VALUES </TD></TR> <TR><TD><b>Adjust annual investment for inflation? </b> </TD><TD> ADJUST_ANNUAL_INVESTMENT_FOR_INFLATION </TD></TR> <TR><TD><b>Show all values after inflation? </b> </TD><TD> <b>SHOW_VALUE_AFTER_INFLATION</b> </TD></TR> </TABLE></TD></TR></TABLE></CENTER> <P><CENTER><table border=0 bgcolor='#000000' width=95% cellspacing=1 cellpadding=0><tr><td width='100%'><table bgcolor='#FFFFFF' border=0 width=100% cellspacing=1 cellpadding=5> <TR BGCOLOR='#CCCCCC'><TD COLSPAN=2><CENTER><B>Results Summary</B></CENTER></TD></TR> <TR><TD><b>Compounded interest return </b> </TD><TD> COMPOUNDED_INTEREST_RETURN </TD></TR> <TR><TD><b>Simple interest return </b> </TD><TD> SIMPLE_INTEREST_RETURN </TD></TR> <TR><TD><b>Total invested capital </b> </TD><TD> TOTAL_INVESTED_CAPITAL </TD></TR> <TR><TD><b>Investment final total </b> </TD><TD><b> INVESTMENT_FINAL_TOTAL</b> </TD></TR> </TABLE></TD></TR></TABLE></CENTER> <P><DIV class=large>Investment Balance by Year</DIV> <HR SIZE=1> **REPEATING GROUP** <BR> <HR SIZE=1> <CENTER><P class=footer> Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. </P></CENTER><br><br> </BODY> </HTML> "> <H1><CENTER>This Financial Calculator requires SUN's Java"! Plug-in. If you see this message you will need to download SUN's Java"! Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing  Install ActiveX Control . </CENTER></H1> <OL> You can also get SUN's Java"! Plug-in here: <A href="http://www.java.com/en/download/download_the_latest.jsp" target=_blank><b>Get the Java"! Plug-in!</b></A> <P>For more information about this Plug-in please visit: <A href="http://www.dinkytown.net/money/sunjvm.html" target=_blank><b>SUN's Java"! Plug-in</b></A> <BR>For more information these financial calculators please visit: <A href="http://www.dinkytown.net" target=_blank><b>Financial Calculators from KJE Computer Solutions, LLC</b></A> </OL><!--[if IE]></OBJECT><![endif]--><![if !IE]></APPLET><![endif]> </CENTER><CENTER><SCRIPT>document.write(showbuttons())</SCRIPT> </CENTER> <H1>Definitions</H1><P><TABLE align='center' WIDTH="95%"><TR><TD><DL><!--DEFN_START--> <DT><B>Years</B><DD>The number of years you wish to analyze. This can be any number from one to one hundred.<P> <DT><B>Rate of return</B><DD>This is the annually compounded rate of return you expect from your investments before taxes. The actual rate of return is largely dependent on the type of investments you select. For example, from December 1999 to December 2009, the average annual compounded rate of return for the S&P 500 was -0.6%, including reinvestment of dividends. From January 1970 to December 2009, the average annual compounded rate of return for the S&P 500, including reinvestment of dividends, was approximately 10.1% (source: www.standardandpoors.com). Since 1970, the highest 12-month return was 61% (June 1982 through June 1983). The lowest 12-month return was -43% (March 2008 to March 2009). Savings accounts at a bank may pay as little as 1% or less but carry significantly lower risk of loss of principal balances.<P>It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that funds and/or investment companies may charge.<P> <DT><B>Compound Interest</B><DD>Interest on an investment's interest, plus previous interest. The more frequently this occurs, the sooner your accumulated interest will generate additional interest. You should check with your financial institution to find out how often interest is being compounded on your particular investment. <P> <DT><B>Initial investment</B><DD>Total you currently have invested that should be included in this analysis.<P> <DT><B>Inflation rate</B><DD>What you expect for the average long-term inflation rate. A common measure of inflation in the U.S. is the Consumer Price Index (CPI), which has a long-term average of 3.1% annually, from 1925 through 2009. The CPI for 2009 was -1.0%, as reported by the Minneapolis Federal Reserve.<P> <DT><B>Annual investments</B><DD>The amount you will contribute each year to your investments. If you check the box to adjust this amount for inflation, your annual investment will increase each year by the inflation rate.<P> <DT><B>Tax rate</B><DD>The percentage of your investment return you will pay in taxes. Your taxes are assumed to be payable annually, at the end of the year.<P> <DT><B>Compounded interest return</B><DD>Total after-tax return if your investment profit is compounded annually.<P> <DT><B>Simple interest return</B><DD>Total after-tax return if your investment profit is simple interest with no compounding.<P> <DT><B>Total invested capital</B><DD>Total you have invested. This includes your initial investment and all periodic investments.<P> <DT><B>Investment final total</B><DD>Your investments total ending value. If you have checked the box to show values after inflation, this amount is the total value of your investment in today's dollars. If this box is unchecked, it will show the actual value of the investment. <!--DEFN_END--></DL></TD></TR></TABLE> <BR> <HR SIZE=1> <CENTER> <P class=footer> Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. </P></CENTER> <BR> </BODY> </HTML>