Savings refers to “the act of saving corresponds to nominal preservation of money for future use.” Investment refers to putting money into something with the expectation of gain that upon thorough analysis has a high degree of security for the principal amount, as well as security of return, within an expected period of time.
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Investment is related to saving or deferring consumption. Investment is involved in many areas of the economy, such as business management and finance whether for households, firms, or governments.
Calculate the savings growth of the following:
How much you have saved: 100000
How much you will save: 30000
Your average annual gain in %: 10%
Number of years you will save: 5
Your Savings grow to: 658825.3