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Calculate Compound Interest

How much money will you have in twenty or thirty years if you deposit your money into an interest-bearing savings account now? Use the calculator below to compute how much you'll have when you take your money out.

 1. How much money will you deposit each year? \$ 2. What is the interest rate for your account? Note: Interest rates vary. For the purposes of calculation, you might want to use the average rate of 5%.     % annually 3. How long will you leave your money in the bank?     years

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"Math in Daily Life" is inspired by programs from For All Practical Purposes.