Chase Bank’s CD guaranteed rate for a nine-month CD is 0.02%, so that’s what you’d put in this field. CDs, for example, have fixed interest rates that are guaranteed upfront so you’ll know exactly what your expected annual growth rate will be. Sometimes, an expected annual growth rate is super straightforward.
Your expected annual growth rate is the amount your investment is projected to grow, expressed as a percentage. You may want to wait and see how your investment performs before committing more money to it. That’s especially true for risky investments. To illustrate, it’s not uncommon for investors to buy, say, 10 shares of a certain stock and just let it sit in their portfolio and mature for a while. You don’t have to make monthly contributions to every investment you make. It’s worth noting, too, that you can also put $0 in this field. Then $500 is the number you’ll put in this field. Let’s say you earn $4,000 a month pre-tax and want to contribute $500 of it to your Roth IRA. How much are you going to keep contributing to this specific investment over time? How Much You’ll Invest Each MonthĪgain, this one is just as simple as it sounds. So your initial investment is just the first chunk of money that you put in. Similarly, if you were to buy $100 worth of a certain stock, your initial investment would be $100. You plan to keep adding to it, of course, but for now, your initial investment is $250. Let’s say you open a Roth IRA with $250 of your graduation money. Your initial investment is simply how much you put in on day one.
Note: This calculator works for the following types of investments:
#Investment calculator how to#
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