This calculator not only allows you to compute and compare the forecasted
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. Also please note that this calculator
has been tested to work with Internet Explorer 3.01 and Netscape
Navigator 3.01 web browsers. However, both must have the JavaScript
option turned on.
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