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  • Comparison Table-3.00%-Male Age 12

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    ypyee
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    The document compares returns from a bank fixed deposit to an ING investment over a 20 year period. The bank fixed deposit earns a fixed interest rate of 3% each year, accumulating a total of $97,200. The ING investment earns a higher initial contribution plus interest (ICP) each year, as well as dividends, resulting in a total of $138,500 over the 20 years and outperforming the bank fixed deposit.

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    The document compares returns from a bank fixed deposit to an ING investment over a 20 year period. The bank fixed deposit earns a fixed interest rate of 3% each year, accumulating a total of $97,200. The ING investment earns a higher initial contribution plus interest (ICP) each year, as well as dividends, resulting in a total of $138,500 over the 20 years and outperforming the bank fixed deposit.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    16 views1 page

    Comparison Table-3.00%-Male Age 12

    Uploaded by

    ypyee
    The document compares returns from a bank fixed deposit to an ING investment over a 20 year period. The bank fixed deposit earns a fixed interest rate of 3% each year, accumulating a total of $97,200. The ING investment earns a higher initial contribution plus interest (ICP) each year, as well as dividends, resulting in a total of $138,500 over the 20 years and outperforming the bank fixed deposit.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    of 1

    BANK FIXED DEPOSIT Vs ING RETURNS

    BANK
    Fixed
    No
    Accumulative
    Of
    Deposit
    Amount
    Year
    Rate
    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12
    13
    14
    15
    16
    17
    18
    19
    20

    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $

    36,000
    72,000
    108,000
    144,000
    180,000
    180,000
    180,000
    180,000
    180,000
    180,000
    180,000
    180,000
    180,000
    180,000
    180,000
    180,000
    180,000
    180,000
    180,000
    180,000

    3.00%
    3.00%
    3.00%
    3.00%
    3.00%
    3.00%
    3.00%
    3.00%
    3.00%
    3.00%
    3.00%
    3.00%
    3.00%
    3.00%
    3.00%
    3.00%
    3.00%
    3.00%
    3.00%
    3.00%

    Bank
    Interest
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $

    1,080
    2,160
    3,240
    4,320
    5,400
    5,400
    5,400
    5,400
    5,400
    5,400
    5,400
    5,400
    5,400
    5,400
    5,400
    5,400
    5,400
    5,400
    5,400
    5,400

    $ 97,200

    ING
    Difference
    between
    ICP only
    $ 2,170
    $ 1,090
    $
    10
    $ (1,070)
    $ (2,150)
    $
    850
    $
    850
    $
    850
    $
    850
    $
    850
    $
    850
    $
    850
    $
    850
    $
    850
    $
    850
    $
    850
    $
    850
    $
    850
    $
    850
    $
    850

    Difference
    between
    ICP + Div.
    $ 3,370
    $ 2,290
    $ 1,210
    $
    130
    $
    (950)
    $ 2,150
    $ 2,150
    $ 2,150
    $ 2,150
    $ 2,150
    $ 2,250
    $ 2,250
    $ 2,250
    $ 2,250
    $ 2,250
    $ 2,650
    $ 2,650
    $ 2,650
    $ 2,650
    $ 2,650

    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $

    $ 12,800

    $ 41,300

    $ 110,000

    ICP
    3,250
    3,250
    3,250
    3,250
    3,250
    6,250
    6,250
    6,250
    6,250
    6,250
    6,250
    6,250
    6,250
    6,250
    6,250
    6,250
    6,250
    6,250
    6,250
    6,250

    Dividend
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $

    1,200
    1,200
    1,200
    1,200
    1,200
    1,300
    1,300
    1,300
    1,300
    1,300
    1,400
    1,400
    1,400
    1,400
    1,400
    1,800
    1,800
    1,800
    1,800
    1,800

    $ 28,500

    Total
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $

    4,450
    4,450
    4,450
    4,450
    4,450
    7,550
    7,550
    7,550
    7,550
    7,550
    7,650
    7,650
    7,650
    7,650
    7,650
    8,050
    8,050
    8,050
    8,050
    8,050

    $ 138,500

    Terminal
    Dividend
    Scenario A
    $ 12,153
    $ 34,424
    $
    9,728
    $ 21,231
    $ 34,103
    $ 22,755
    $ 24,594
    $ 26,536
    $ 28,597
    $ 30,787
    $ 48,363
    $ 50,896
    $ 53,564
    $ 56,402
    $ 59,406
    $ 62,224
    $ 65,206
    $ 68,316
    $ 71,598
    $ 66,078

    Cash
    Value

    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $

    51,117
    70,779
    91,409
    102,269
    101,668
    101,029
    100,349
    99,624
    98,854
    98,045
    97,197
    96,309
    95,379
    94,404
    93,381
    92,309
    91,183
    100,000

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