How To Use the Savings Calculator:

Starting amount
- the starting balance or current amount you have invested or saved.

Additional contributions - the amount that you plan on adding to your savings or investment each period. The investment period options include monthly, quarterly and annually. This calculator assumes that you make your contributions at the beginning of each period.

Years - the total number of years you are planning to save or invest.

Rate of return - the annual rate of return for this investment or savings account. The actual rate of return is largely dependant on the type of investments you select. From January 1970 to December 2005, the average compounded rate of return for the S&P 500, including reinvestment of dividends, was approximately 11.4% per year. During this period, the highest 12-month return was 61%, and the lowest was -39%. Savings accounts at a bank pay as little as 1% or less. It is important to remember that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are subject to higher risk and volatility.

The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment.Compounding - earnings on an investment's earnings, plus previous interest.

This calculator allows you to choose the frequency that your investment's interest or income is added to your account. The more frequently this occurs, the sooner your accumulated earnings will generate additional earnings. For stock and mutual fund investments, you should choose 'Annual'.

For savings accounts and CDs, all of the options are valid, although you will need to check with your financial institution to find out how often interest is being compounded on your particular investment.

How To Use the Loan Calculator:

Monthly payment - monthly payment for this loan.

Term in months
- number of months for this loan.

Loan amount - total amount of your loan.

Interest rate - annual interest rate for this loan.

Interest is calculated monthly on the current outstanding balance of your loan at 1/12 of the annual rate.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

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