Example 1 : Future value of a saving account
Initial balance 1000 euros.
Monthly deposit : 50 euros at the end of each month (it's the case of an ordinary annuity).
Real rate : 1.5 %.
What is the expected final balance after 5 years ?
The displayed result after pressing the "final amount" button is :
Example 2 : loan repayment
Ordinary annuities (payment at the end or each period).
Principal of 5000 euros.
Term 1 year.
interest rate 4.5 per year (real rate, the APR would be 4.41).
What is the monthly payment ? 426,69
What is the remaining capital after 6 periods ? 2527,51