How it works
Future value combines the compounded principal and end-of-month contributions. When inflation is enabled, it is divided by (1 + inflation rate) raised to the projection duration.
Project an initial amount plus regular monthly contributions.
Projected value after 10 years.
Future value combines the compounded principal and end-of-month contributions. When inflation is enabled, it is divided by (1 + inflation rate) raised to the projection duration.
The nominal balance is the amount shown in the future. The inflation-adjusted result estimates what it could buy in today's money. Inflation is an assumption and may differ from actual future price changes.
Last verified:
It is interest earned on both the original amount and earlier interest.