6.6% interest over 6 years =

[jrtv]

Help needed please to work out a lump sum of £10,000 invested in a growth plan at 6.6% fixed interest over 6 years, what could I expect to get back at the end.

[factor-fiction]

14673.82
Less tax at 20% if a basic rate tax payer

[factor-fiction]

Calculation is 10000 x 1.066⁶
This assumes 6.6% is the AER and interest is compounded and guaranteed

[jrtv]

Thank you factor30, thats really helped me.