Philip P. answered • 10/06/16

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A = P(1.015)

^{t}Where:

A is your wealth at time t

P is your principle, or starting value

t is years since 2016 (or whatever year you started)

So if you started in 2016 with $100,000, by 2040 your $100,000 would grow (at 1.5% per year) to:

A = ($100,000)(1.015)

^{2040-2016}A = ($100,000)(1.015)

^{24}A = $142,950.28