0:00
All right.
00:01
So we have companies to find contribution to the retirement plan allows you to invest up to 20 ,000 euros per year.
00:11
And you're going to invest those 20 ,000 euros a year in a stock index fund for the next 30 years.
00:16
And historically, this fund has earned 9 % per year on average.
00:21
Assuming you actually earn this 9 % for making this huge assumption, that's going to be 9%.
00:26
How much money will we have available for retirement after making the last payment? starting with $20 ,000, you're investing $20 ,000 more per year.
00:36
So starting your one, you chunk money away.
00:40
You got $20 ,000 in there.
00:45
And what we're going to do is after the first year, you're going to get some interest on it.
00:50
So after one year, you get 9 % interest.
00:53
That's what this column is.
00:54
So this is the year.
00:59
This is the account balance.
01:06
And this is the interest.
01:16
Okay, so let's see.
01:17
So it starts out by doing 20 ,000, and then we tack on 9%.
01:23
We earn 9%.
01:24
So that's what this 1800 is...