Savings/ Investment Calculator
Savings refers to “the act of saving corresponds to nominal preservation of money for future use.” Investment refers to putting money into something with the expectation of gain that upon thorough analysis has a high degree of security for the principal amount, as well as security of return, within an expected period of time.
Present value = annuity amount × [1 - (1 / (1 + r)n)] / r
r - Rate of Interest
n - Number of years