Nov 28 2015, 10:47 PM
And then he said current price is 0.82
The guaranteed price when i cash in at the end of my contract is at least 1.42
QUOTE
current price 0.9014
Current guaranteed price 1.2358 (this can be higher but not lower, if fund perform good, then higher lo)
I buy this at 0.9014... 9 years later i cash in at 1.2358
so... 0.9014*(1.0357)^9=1.2358
so compounding get about 3.57% p.a return. (approximately, just to illustrate)
Current guaranteed price 1.2358 (this can be higher but not lower, if fund perform good, then higher lo)
I buy this at 0.9014... 9 years later i cash in at 1.2358
so... 0.9014*(1.0357)^9=1.2358
so compounding get about 3.57% p.a return. (approximately, just to illustrate)
I can't understand how the earlier calculation works.. so how much percentage of interest do I expect?
This post has been edited by wkyrichie: Nov 28 2015, 11:05 PM
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