| This calculator not only allows you to compute and compare the
forcasted interest earnings on various investment scenarios, but it
also allows you to choose the deposit and compounding intervals. No
longer will you need to wonder if an investment offering a 6%
return, compounded daily is better than an investment offering a 7%
return, compounded annually.
To calculate the forecasted earnings of an investment, enter the
beginning balance, the amount you plan to add to your investment (if
any) at the specified intervals, the interest rate you expect to
earn and the compounding interval, and the number of years you
expect to allow your investment to grow. Since varying deposit and
compounding intervals lead to very complex calculations and
considering the actual earnings of an investment may be calculated
using any one of several methods, the results calculated by this
tool should be considered as estimates only.
Note:
When
entering numbers into the data fields only
use numbers and applicable decimal points.
Entering commas, dollar signs, or any other
non-numeric characters will cause an error.
|