Calculate the future value of your investment based on compounding and monthly contributions

default-2023

P (principal amount):

r (annual interest rate):

contribution

n (# of compounds per year):

To calculate compound interest, the following basic formula is usedA = P(1 + r/(100*n))^(nt)Where:A = the future value of the investmentP = the principal amount (initial investment)r = the annual interest rate (in % form)n = the number of times interest is compounded per yeart = the number of years the money is invested for Compound interest can also be calculated with a monthly contribution:PMT = the monthly contribution amount<blockquote>** This also assumes that interest is added at the end of each period and that each deposit is made at the end of each compounding period. **</blockquote>A = P(1 + r/(100*n))^(nt) + PMT × ((1 + r/(100*n))^(nt) - 1) × ((12*100)/r) Enter values P, r, n, t, and PMT (if desired)Press 'Submit' to calculate A

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