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# Final Amount at Monthly Deposit

Calculator for a constant monthly deposit at a certain duration and fixed interest rate. Please enter the height of the monthly deposit, the duration in months or years and the annual interest rate, the final amount will be calculated.

Example: 5 Euros each month for 18 years without interest will sum up to 1080 Euros. At an interest rate of 2% per year, it will be 1298.61 Euros.

The formula for the final amount is r * q * (q^{n}-1) / (q-1) with a monthly rate r, duration in months n and monthly interest factor q. q is 1+(monthly interest rate/100), for the monthly interest rate see Interest per Year and Month.

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