| 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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