Savings Interest Calculator
Inputs
$
$
Tab to move between fields
Results
Future Value
$16,686.80
≈ 8 gaming PCs
Total Interest Earned
$3,686.80
≈ 4 smartphones
Total Deposits$13,000.00
Effective Annual Rate4.59%
1
Identify Input Parameters
5 parameters
= Initial Deposit = 1000, Annual Interest Rate = 4.5, Years = 10, Monthly Deposit = 100
= 5 input(s) provided
2
Calculate Future Value
Future Value
= 16686.8
= $16,686.8
3
Calculate Total Interest Earned
Total Interest Earned
= 3686.8
= $3,686.8
4
Calculate Total Deposits
Total Deposits
= 13000
= $13,000
5
Calculate Effective Annual Rate
Effective Annual Rate
= 4.59
= 4.59%