Interest Calculator & How This Calculator Can Help You With Your Investment Need
What would you do if you want to make your money work harder but was overwhelmed by the different type of investment schemes with different return or are simply uncertain on the potential return on the various investment schemes? Don’t worry; there are various type of investment calculator to help you with your choice.
Compound Interest Calculator
If you want to know the future value of a scheme where you invest or save on a regular basis (i.e. weekly, monthly, quarterly or annually), with a fixed annual interest rate, then you might want to check out Compound Interest Calculator. This calculator will calculate the future value for you regardless of whether the scheme has an initial investment (or lump sum). Just simply enter the optional initial investment amount, the fixed regular investment amount (with the frequency), annual interest rate and number of years that you need to tie your money in, and press compute, it will compute the future value and the total interest earned for you.
Future Value Calculator
If you want to know the approximate value of a lump sum investment (i.e one time investment) with fixed annual interest rate, then you might wish to check out the Future Value Calculator. Just key in the amount of money that you are investing (lump sum), annual interest rate and the number of years that is required under the scheme, then press compute, and it will compute the future value and the total interest earned for you.
CD Interest & Annual Percentage Yield Calculator
If you are the cautious type and simply wish to invest in a Certificate of Deposit (CD; also known as time deposit), then you might wish to check out the CD Interest & Annual Percentage Yield Calculator. You need only enter the deposit amount, annual interest rate, number of months of the CD and interest compounding interval, and it will compute future value, total interest earned and annual percentage (this is useful if the interest is not compounded on an annual basis; interest of CD could be compounded on daily, monthly, quarterly, semi-annually or annually) yield for you.
Financial Goal Calculator
If you have a financial goal in mind (maybe the money needed for your retirement or just for a vacation), Financial Goal Calculator is here to help you to find out the money you need to invest now in order to get the money you needed in the specific time frame. You need only key in the sum of cash you desire to get (i.e. your financial goal), annual interest rate and the number of years you have before you need the money, and it will compute the amount of money you need to invest now in order to reach your financial goal.
Therefore, as you can see from above, the various calculators are here to help you make the right choice and to make your life easier. They are available in the internet. Just click here and you will get vast information on the calculator.
For more info about interest calculator, please visit financialcalculator.org. They have a lot more info on the calculator.