Make Math Work
Savings


Usage:Savings Investment, Term, Rate, InitialBalance(if any)

The Savings command will calculate the future value of a savings account.

Investment is the monthly amount being invested. It is fixed, that is, it must remain the same throughout the life of the investment.

Term, or period, is entered in months. For example, if you wish to save for 5 years you would enter 60 months.

Rate is the rate of interest and is entered as an annual percent. This is the simple interest rate, not the Annual Percentage Rate or APR. For example, if the interest rate is 6 1/4 percent per year, it would be entered as 6.25, not as .0625. Do not enter the percent (%) symbol.

InitialBalance is the amount already in the account or the current value of the account. InitialBalance is optional; if it is left blank it will be assumed to be zero.

Examples:
Savings 100, 24, 4.25.
Savings 100, 24, 4.25, 1000.


 Try It   
 Enter the monthly investment:  
 Enter the term in months:  
 Enter the yearly interest rate as a percent (eg. 4.25):