Savings Calculator – Plan Your Savings Growth
Calculate how your regular savings will grow over time. See the future value of your savings with interest and regular contributions.
Result
Savings Calculator Formula
FV = P×(1+r)^n + PMT×((1+r)^n − 1)/r
Where:
- FV = Future Value
- P = Initial deposit
- PMT = Monthly contribution
- r = Monthly interest rate
- n = Total months
Savings Calculator Example Calculation
Initial: ৳117,000.00, Monthly: ৳23,400.00, Rate: 5%, Time: 10 years
Total Contributions: ৳2,925,000.00
Interest Earned: ৳830,115.00
Future Value: ৳3,755,115.00
Frequently Asked Questions about Savings Calculator
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