This number is off I believe. You're calculating as if it were a loan and $0.09 payments for 365 years. With a $100 initial investment you should end up with $3778.34 in one year. You need to use a tvm calculator
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Thanks! I was struggling with that website. Where would I find a tvm calculator?
https://www.investopedia.com/calculator/fvcal.aspx
This is an easy one. You can play with the initial investment to see where you would land. Good luck with your investing!
Awesome! Thanks for this. Will have a play now...