Method
The effective annual rate is converted to an equivalent monthly rate. Current savings compound first; each contribution is added at month end. No fee or tax is invented.
Enter your goal, contributions, period and one current annual return assumption. Record where it came from. The plan uses month-end contributions and keeps the entered rate constant.
| Month | Total contributed | Modeled balance |
|---|
The effective annual rate is converted to an equivalent monthly rate. Current savings compound first; each contribution is added at month end. No fee or tax is invented.
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