Savings Interest Calculator
Plan your savings goals by calculating how your money grows with regular contributions and interest over time.
Future Balance
Total Contributions
Interest Earned
How to Use This Calculator
1. Enter your initial deposit
2. Enter your monthly contribution amount
3. Enter the annual interest rate (APY)
4. Enter the number of years to save
5. View your projected savings balance
The Formula
This calculator combines two formulas:
Future value of initial deposit: FV = P(1 + r)^n
Future value of contributions: FV = PMT × [(1 + r)^n - 1] / r
Your total future balance is the sum of both.
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