Savings Calculator
Worked example result
| Projected balance | $2,295.23 |
| Total deposits | $2,200.00 |
| Interest earned | $95.23 |
| Value in today's money (after inflation) | $2,295.23 |
Starting with $1,000 and adding $100 a month at 6% gives about $2,295 after one year — $95 of it interest.
Balance = P(1+r)^n + D · ((1+r)^n − 1)/r, with r = annual rate ÷ 12 · Powered by CalcHub — Savings Calculator