Compound interest calculator for floating savings

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Compound interest calculator for floating savings Powered By Docstoc
					INeedAttention.com Compound Interest Calculator

Purchases per Year ($ USD):         $10,000.00 (E.g. if you spend $10,000 per year, enter 10000)
% Float return, cashback:                    5 (E.g. if you expect to get 5% back through float investment and cashback)
Online Savings APY:                       5.25 (E.g. if the current online savings APY is 5.25, enter 5.25)

Year                               Purchases Saved     Closing Balance
                               0    $10,000.00 $500.00          $500.00                                    Online Savings Clo
                               1    $10,000.00 $500.00        $1,026.25
                               2    $10,000.00 $500.00        $1,580.13
                               3    $10,000.00 $500.00        $2,163.08            $30,000.00
                               4    $10,000.00 $500.00        $2,776.65
                               5    $10,000.00 $500.00        $3,422.42
                               6    $10,000.00 $500.00        $4,102.10            $25,000.00
                               7    $10,000.00 $500.00        $4,817.46
                               8    $10,000.00 $500.00        $5,570.37
                               9    $10,000.00 $500.00        $6,362.82
                                                                                   $20,000.00
                              10    $10,000.00 $500.00        $7,196.87
                              11    $10,000.00 $500.00        $8,074.70
                              12    $10,000.00 $500.00        $8,998.62
                              13    $10,000.00 $500.00        $9,971.05            $15,000.00
                              14    $10,000.00 $500.00       $10,994.53
                              15    $10,000.00 $500.00       $12,071.75
                              16    $10,000.00 $500.00       $13,205.51            $10,000.00
                              17    $10,000.00 $500.00       $14,398.80
                              18    $10,000.00 $500.00       $15,654.74
                              19    $10,000.00 $500.00       $16,976.61
                                                                                    $5,000.00
                              20    $10,000.00 $500.00       $18,367.88
                              21    $10,000.00 $500.00       $19,832.20
                              22    $10,000.00 $500.00       $21,373.39
                              23    $10,000.00 $500.00       $22,995.49                  $0.00
                              24    $10,000.00 $500.00       $24,702.76                          0     2     4
                              25    $10,000.00 $500.00       $26,499.65

Note that yearly closing balance does not include interest earned on current year's savings.
estment and cashback)



         Online Savings Closing Balance ($USD)




           4    6       8   10   12   14   16    18   20   22   24

				
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posted:7/22/2011
language:English
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