Term Deposit Interest CalculatorThe 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. The calculation for regular deposits is based on the following formula:
R = amount of regular deposit Calculate Future ValueA 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?Calculate Regular Deposits Future Value = 100,000.00 Nominal Interest rate = 9.00 Nr. of deposits / yr = 12 Number of years = 2 Use the Deposit Calculator and you get... Amount of regular deposit = 3,818.47
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