Planners, Investments

Use the “Investment” planner for simple compound interest calculations (e.g. If I’ve got £10,000 in my building society account and I add £50 per month at 7% interest rate, how much will I have in 10 years time?).

The following notes should be read in associate with those in “Planners, Starting & Warning”, “Planners, Default or Standard Values” and “Planners, Saving, Re-finding & Deleting”.

First select the type of calculation you require by clicking the appropriate button (e.g. “Final Sum”).

Next select the way the interest should be calculated (i.e. either once per year or month), as for example, different building societies may use different methods.

Finally enter the figures on the right hand side…

• The “Initial sum” is for the amount, for example, already in your savings account (e.g. £5,000.00)
• The “Monthly saving” is the amount you’re committed to adding every month (e.g. £100.00)
• The “Years of saving” is the period of the saving scheme (e.g. 20 years)
• The “Annual increment” is the amount by which you’re committed to increase your monthly saving each year, to allow for inflation (e.g. 5 %)
• The “Interest rate” is the compound annual growth rate by which your savings will be increased

Click the “Calculate” button to find the result.

Saving, Deleting & Printing

When you’re satisfied with it you can save the plan, then subsequently re-find it, all as described above in the section on “Planners, Saving, Re-finding & Deleting”.

To print the completed plan…

• Click “File”
• Click “Print”
• Click “Plan”