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Input interest rate: Type in the annual interest rate your investment will earn. Set the term: Determine the number of years and months over ...
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Estimated interest rate; Your preferred investment term; How often is interest compounded? Additional monthly contributions. How much is your initial deposit?
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Try your calculations both with and without a monthly contribution — say, $5 to $200, depending on what you can afford.
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But $1,000 at 5 percent APY will be $1,629 after 10 years. And if you added just $50 a month, you'd have $9,411 saved up – at 5 percent APY after 10 years. And ...
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