special expenditures (new user) -

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Say that there are insurance (long term care) premiums that recur annually and might be historically expected to grow at some fixed rate like 8.262%. How do you enter them if say they're expected to be part of the picture for 30 years? Say the annual premium is $2000 currently. I'm hoping for some clarification wrt the 'apply' and 'grow' buttons.

‹ special expentiures Home Improvement Description? ›
Submitted by t_venet on 3 December 2009 - 10:29am.
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Comments

1
From: Dan Royer

Enter the the amount and the first year. Then, with that row selected, go down to the grow button and choose the growth rate and number of years. If you choose 0%, it will hold steady in today's dollars but the nominal dollars will go up each year. In other words, entering zero means that your payments will go up with whatever is assumed in inflation.

2009-12-03 11:23