VOL. XCIV, NO. 247
★ FINANCIAL TOOLS & SERVICES DIRECTORY ★
PRICE: 5 CENTS
A free interactive calculator for projecting savings growth with compound interest. Designed for educational use only—NerdWallet emphasizes it does not provide investment advisory or brokerage services.
Key features
- Interactive input fields for initial deposit, years invested, estimated annual rate, compounding frequency, contribution amount, and contribution frequency.
- Compounding frequency options include daily, monthly, and annually.
- Contribution frequency can be set to monthly or annually, with scenarios that include or exclude additional contributions.
- Results update automatically as inputs are adjusted, providing instant projections.
- Displays the compound interest formula A = P(1 + r/n)^(n·t) with step-by-step examples.
- Educational guidance on the difference between APY and nominal rates, with links to explanatory resources.
- Clearly states that results are for informational purposes only, with no financial advice or brokerage services provided.
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Information
About Me
Hey! Thanks for stopping by. I'm an independent investor with a soft spot for coding and the stock market - especially value investing (as you can probably tell from the tools I've collected here, haha). Hopefully you'll find something useful or interesting along the way.
Find me here:
- Twitter / X: @Jera_Value
- Substack: Jera Value
Got questions or suggestions? I'm all ears!
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