Deposit Interest Calculator
The spreadsheet below helps you calculate the amount required as a
regular deposit to provide a stated future value in a specified time
period. You have to enter the future value, the nominal interest rate,
the number of deposits per year and the number of years. The calculator
will return the amount of regular deposits.
calculation for regular deposits is based on the following formula:
R = amount of regular deposit
T = future value
N = number of deposits per year
Y = number of years
i = nominal interest rate
Calculate Future Value
A good and nice person named Lois L. would like $100,000 at the end of
two years in a savings account. How much should Miss L. deposit monthly
at 9% interest to achieve that goal?
Interest rate = 9.00
deposits / yr = 12
years = 2
Use the Deposit Calculator and you get...
regular deposit = 3,818.47
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