About This Calculator
The Investment Calculator helps you estimate the future value of your investments based on your initial deposit, monthly contributions, interest rate, and investment period. It uses a compound interest formula to project potential growth over time, making it easier to plan your financial goals.
How to Use
- Enter your initial investment amount.
- Provide your expected monthly contribution.
- Enter the annual interest rate (APR) as a percentage.
- Select your investment term in years.
- Click "Calculate" to view your projected final investment value, total contributions, and total interest earned.
Frequently Asked Questions
Does this calculator assume compound interest?
Yes, the calculator applies monthly compounding, which is standard for most investment accounts.
Can I change the compounding frequency?
No, this version uses fixed monthly compounding for simplicity and consistent results.
What if I skip monthly contributions?
You can enter 0 for monthly contributions to calculate the future value of a one-time investment.
Is the interest rate guaranteed?
No, this is an estimate based on your entered rate. Actual investment returns may vary.
What types of investments does this apply to?
This calculator works for general savings accounts, CDs, retirement funds, or other fixed-rate investments.