Savings Account Calculator
Initial Deposit ($)
Monthly Contribution ($)
Annual Interest Rate (%)
Number of Years
Compounding Frequency
Monthly
Quarterly
Semi-Annually
Annually
Calculate
Future Balance: $
0.00
Total Contributions: $
0.00
Total Interest Earned: $
0.00
Formula:
FV = P * (1 + r/n)^(n*t) + PMT * [((1 + r/n)^(n*t) - 1) / (r/n)]
Where P = initial deposit, r = annual rate, n = compounding periods per year, t = years, PMT = monthly contribution.