Savings Calculator

Instructions

This calculator is designed to help you estimate your interest earned and final balance from a monthly savings investment.

  1. Enter your investment and savings amounts, the interest rate and term of the investment.

  2. Click once on the "Calculate" button to calculate your result.

Enter Details Here

 
   
Initial Lump Sum Investment $
Monthly Savings $
Interest Rate    %
Term of Investment    years


  

Result

 
   
Total Amount Invested $
Interest Earned $
Final Balance $
   
   

Notes

Savings are assumed to be deposited at the beginning of each month with interest compounded monthly. Results exclude any fees or taxes payable.

The information provided by these calculators is for illustrative purposes only. The information entered may vary from your actual loan, mortgage, investment, or savings results. Interest rates are hypothetical and are not meant to represent any specific investment. Rates of return will vary over time, particularly for long-term investments. The calculated results are not guaranteed to be accurate and are in no way endorsed, offered or guaranteed by Mercantile Bank.