Understanding and Building a Financial Calculator for Investment Planning
Let’s consider a scenario where an individual has $33,556.25 in a brokerage account and plans to deposit an additional $5,000 at the end of every future year. The target is to accumulate $220,000 with an expected annual interest rate of 12%.
Input $33,556.25 in the initial amount.
$5,000 in the annual deposit field.
Interest rate: just 12 (12%) in the annual interest rate
and $220,000 in Target Amount.