Savings Calculator

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Savings Calculator Powered By Docstoc
					Savings Calculator
Simple Interest Calculation              Continuous Compounding

Initial Amount:              $2,000.00   Initial Amount            $5,000.00
Annual Interest Rate:           2.50%    Interest Rate                5.75%
Investment Period (Years):        4.00   Investment Period (Years)         3

Interest Amount:               $200.00   Interest Amount          $5,941.36
Savings Amount:    
Description: This Savings Calculator is a spreadsheet that an individual can use to calculate the amount of interest that will accrue on savings deposits. This template spreadsheet will calculate simple interest, compound interest, and continuous compounding interest. The user should enter an initial savings amount, interest rate, and investment period, and the spreadsheet will automatically calculate the interest amount earned and the total savings amount. Individuals can use this simple form to help determine the future value of a savings account.