How to use Compounding Interest Calculator with Monthly Regular Saving?
- Key in Principal amount. (Principal amount is the first lump sum of money you put in, for example RM5000.00)
- Key in the Monthly Regular Saving amount. (If you plan to save RM100.00 each month, key in RM100.00)
- Key in the Interest Rate Per Annum (%) (This is the yearly interest rate of your investment, for example: Fixed Deposit 3% per annum, just key in 3)
- Key in how many years in No. of year compounding (If you key in 5 years, it will calculate the total amount after 5 years)
Do not understand What is Compound Interest? Read through this simple to understand article on What is Compound Interest?.