I always want to test an investing model - wether the sum or time are different, I wish to calculate it so I can efficiently and accurately plan ahead. To do this I've started this project, where I plan to have it extended to cover multiple functionalities.
| Compound Interest Calculator |
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For our use, we shall have the following variables named as per below:
| variables |
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| monthly regular payment = pmt |
| time = time (please note that the default time is given in years) |
| principal = principal |
| rate = rate (please note that the default rate is given in %) |
These are the functionalities I wish to implement 1:
- Total final investment balance given the rate, principal, monthly contributions and time [X]
- Rate required in order to reach a desired amount [ ]
- Time in which one will reach the desired amount [ ]
- Monthly regular payment required to reach the desired amount [ ]
- Principal required to reach the desired amount [ ]
Footnotes
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Please note that for functionalities 2, 3, 4, 5 all the other data is to be given to the program ↩