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Miscellaneous Calculators
Simple Savings Calculator
This is just a simple calculator that lets you start with a certain amount
of money, and making regular monthly deposits, shows you how much it would grow. This doesn't
deal with inflation or taxes. For more complicated scenarios, see the
Tax Deferred Annuity Calculator
or Prepayment vs. Investment
Comparison.
Average balances are
included as well because in actuality, no savings institution would employ ending balance
compounding, for depositors would just dump in money right before the interest is accrued.
Using average balances is simply for the sake of being realistic.
