How It Works
Effective monthly rate=(1+nominal rate/m)^(m/12)−1. Contributions are made at month-end.
Returns are assumed constant; excludes tax, fees and investment risk. Period must contain a whole number of months.
Reference Sources
FAQs
How does this calculator work?
Effective monthly rate=(1+nominal rate/m)^(m/12)−1. Contributions are made at month-end.
What assumptions should I check?
Returns are assumed constant; excludes tax, fees and investment risk. Period must contain a whole number of months.