Deposit Savings into an Account or an Annuity

This program calculates the final value of a savings account, or an annuity, as a saver deposits money into his account over time. An ordinary annuity means the saver deposits his amount at the end of the time period, while annuity due means the saver deposited the amount at the beginning of a period. The annuity due earns an extra period of interest.

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Withdraw from a Savings Account or an Annuity:

This program calculates the required payment of a savings account, or an annuity to achieve a known future value. An ordinary annuity means the saver deposits his amount at the end of the time period, while annuity due means the saver deposited the amount at the beginning of a period. The annuity due earns an extra period of interest.

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Using the Program

This program breaks down when the interest rate and number of years are extremely high. You also cannot enter commas or dollars signs into the fields.

The following arithmetic operations can be inserted into any of the cells

  • Addition is +
  • Subtraction is -
  • Multiplication is *
  • Division is /
  • For example, entering 1000-10*10 into the amount of the loan results in 900.
 

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