## Future Value Calculator

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**The future value is $832.59.**

Notes:

1. Use the Home link to return to the home page. Do not use the back button.

2. Initial Value: is the amount already in the account at the beginning.

3. Interest Rate%: is the interest paid at the end of each period. (Not annualized.)

4. Periods: is the number of periods. Interest is paid and deposits are made at the end of each period.

5. Deposit: is the amount to be deposited at the end of each period.

6. User input can be any constant statement using only numerics and +, -, *, and /. For example 6/12

could be entered to convert an annualized 6% rate into a monthly rate.

Example: You have $100 in an account paying 6% annualized.

If you deposit $10 per month for the next 5 years how much money will be in the account?

Initial Value = 100; Interest Rate% = 6/12 (Converts 6% annualized rate to monthly. (.5%))

Periods = 5*12 (60 monthly periods in 5 years); Deposit = 10