Not sure how you get 2%+
$29k from $20k investment over 25 years...
EIR is about 1.6% correct? (correction to 0.18, forgot to x100)
err.. I used online calculator
Year Deposits Interest Total Deposits Total Interest Balance
1 $826.20 $11.89 $826.20 $11.89 $838.09
2 $826.20 $34.24 $1,652.40 $46.13 $1,698.53
3 $826.20 $57.19 $2,478.60 $103.32 $2,581.92
4 $826.20 $80.75 $3,304.80 $184.07 $3,488.87
5 $826.20 $104.94 $4,131.00 $289.00 $4,420.00
6 $826.20 $129.77 $4,957.20 $418.77 $5,375.97
7 $826.20 $155.27 $5,783.40 $574.04 $6,357.44
8 $826.20 $181.44 $6,609.60 $755.49 $7,365.09
9 $826.20 $208.32 $7,435.80 $963.81 $8,399.61
10 $826.20 $235.91 $8,262.00 $1,199.72 $9,461.72
11 $826.20 $264.24 $9,088.20 $1,463.95 $10,552.15
12 $826.20 $293.32 $9,914.40 $1,757.27 $11,671.67
13 $826.20 $323.18 $10,740.60 $2,080.45 $12,821.05
14 $826.20 $353.83 $11,566.80 $2,434.28 $14,001.08
15 $826.20 $385.30 $12,393.00 $2,819.59 $15,212.59
16 $826.20 $417.62 $13,219.20 $3,237.20 $16,456.40
17 $826.20 $450.79 $14,045.40 $3,687.99 $17,733.39
18 $826.20 $484.85 $14,871.60 $4,172.84 $19,044.44
19 $826.20 $519.81 $15,697.80 $4,692.66 $20,390.46
20 $826.20 $555.71 $16,524.00 $5,248.37 $21,772.37
21 $826.20 $592.57 $17,350.20 $5,840.94 $23,191.14
22 $826.20 $630.41 $18,176.40 $6,471.35 $24,647.75
23 $826.20 $669.26 $19,002.60 $7,140.60 $26,143.20
24 $826.20 $709.14 $19,828.80 $7,849.74 $27,678.54
25 $826.20 $750.09 $20,655.00 $8,599.84 $29,254.84