Hi guys
does anyone know of any free software or a website where you can plug in some numbers and it works out your compound interest? For example if you invested $1000 a year for 30 years, it would show you how much money you have after each year?
Thanks [
]‘There is only one success – to be able to spend your life in your own way.’
Hey guccigal,
You can calculate it here:
http://www.moneychimp.com/calculator/compound_interest_calculator.htm
Hope this helps.
Matt“If you do what you have always done, you will get what you have always had.”
“Isn’t it time for a change?”
Hi GG
You could try Excel if you have it.
My favourite is actually a financial calculator like the HP11C or similar. Saves firing up a pc. So quick and take it anywhere, well except scuba diving!Clive
Thanks so much for that Matt, I just tried that online calculator – so much easier than doing it the longwinded way myself, have bookmarked it for future use [
] And Clive, will definately look into that financial calculator thing, are they hard to use?‘There is only one success – to be able to spend your life in your own way.’
And Clive, will definately look into that financial calculator thing, are they hard to use?
GuccigalNot hard to use at all. You basically enter 3 variables and it solves for the fourth.
Clive
GG, I put up a very basic spreadsheet that allows you to do the operation you ask at
http://members.dodo.com.au/~thefirstbruce/compoundinterest.xls
you just plug in the initial investment amount, and the interest rate in the green coloured cells. you need to know what the interest rate per period is. a period can be a month or a year, depending how the institution calculates it.
Bruce
Mooloolaba, Qld
]
] And Clive, will definately look into that financial calculator thing, are they hard to use?
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