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MindBuilder Cool Facts Glossary Calculator

Calculator

This calculator takes a lump of money and compounds it monthly over a fixed period of time at a fixed annual yield. Plus it allows you to add monthly contributions. Still thinking about buying those expensive tennis shoes?

Enter Information

Years: (The number of years your money will be invested)
Percent Yield: (Interest Rate: 6 is typical for savings, 12 is for typical for the stock market)
Initial Balance: (The original amount you put in)
Monthly Contribution: (The additional amount you would add each month)

Here are Your Results

Final Balance:
By Year:

 

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