Years Number of years for this investment. You should check with your financial institution to find out how often interest is being compounded on your particular investment. The more frequently this occurs, the sooner your accumulated interest will generate additional interest.
FINANCIAL CALCULATORS DINKYTOWN PLUS
This includes the potential loss of principal on your investment.Ĭompound Interest Interest on an investment's interest, plus previous interest. The actual rate of return on investments can vary widely over time, especially for long-term investments. It is important to remember that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are subject to higher risk and volatility. Savings accounts at a bank pay as little as 1% or less. During this period, the highest 12-month return was 64%, and the lowest was -39%. From January 1970 to December 2003, the average compounded rate of return for the S&P 500, including reinvestment of dividends, was approximately 11.7% per year. The actual rate of return is largely dependant on the type of investments you select. Interest Rate The annual interest rate for your investment. Investment Amount The amount of your initial investment.
Once SUN's Java Plug-in is installed, you may need to refresh this page to see the financial calculator. This can be done simply, and automatically, by clicking the link below: If you are seeing this message you will need to download SUN's Java Plug-in. This Financial Calculator requires a Browser with Java Support. This calculator demonstrates how compounding can affect your savings, and how interest on your interest really adds up! The more often interest is compounded, or added to your account, the more you earn. How interest is calculated can greatly affect your savings. Fort Financial Credit Union: Financial Calculators
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