Compound
Interest Functions
Some helpful
functions
I participate in my company's
401(k) plan.
How much will
be in my account at some future date?
I need money paid to me at
certain intervals in the future, such as for college tuition for my child, or for
retirement income for myself.
How much will
I have to save to do this?
I have a monthly mortgage
payment, and plan to pay an extra amount towards the principal.
How much sooner
will it be paid off?
I want to retire someday.
How much
should I be saving now?
Interest rates have dropped, and
I may refinance my mortgage.
How soon can I
recoup the refinancing costs?