Calculate future value of an investment with periodic contributions and compound interest.
Determine the future accumulated balance of an initial lump sum plus periodic deposits over time. Accurately accounts for annual, quarterly, or monthly compounding schedules.
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| Year | Total Invested | Interest Earned | Ending Balance |
|---|---|---|---|
| Year 1 | $12,400 | +$816 | $13,216 |
| Year 2 | $14,800 | +$1,048 | $16,664 |
| Year 3 | $17,200 | +$1,298 | $20,362 |
| Year 4 | $19,600 | +$1,565 | $24,327 |
| Year 5 | $22,000 | +$1,852 | $28,578 |
| Year 6 | $24,400 | +$2,159 | $33,137 |
| Year 7 | $26,800 | +$2,488 | $38,026 |
| Year 8 | $29,200 | +$2,842 | $43,268 |
| Year 9 | $31,600 | +$3,221 | $48,888 |
| Year 10 | $34,000 | +$3,627 | $54,916 |