Savings Interest Calculator
This is a simple savings calculator, with which you can easily calculate what you would save if you put in the bank $200 every single month for example. Simply you can see how much you can save for a certain period of time. The tool below is really simple to use. You just need to enter 3 parameters and hit the ‘Calculate’ button to see the result:
1. Amount invested each period (year/month/week, it doesn’t matter) – enter the amount of money you plan to invest each year/month.
2. The number of months/years of your investment.
2. Enter the annual interest rate.
For example: If you invest $100 each month in a bank account that yields 5% interest yearly, after a year your investment would grow to $1232.25.
That’s it, now simply hit the button below to see the result.
If you need a more advanced savings calculator, don’t miss out cool tool here: http://investbin.com/investment-growth-calculator/. You can use it to make some more complicated calculations regarding your investment and you can see a nice table showing its growth. Just go and give it a shot.
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