The amount may contain max two digits after its decimal point.
The amount entered may contain a comma (,) or a point (.) as a decimal point separator.
Do not use the thousands separator in the amount.
Correct entered amounts
5123.04
5123,04
6123
Incorrect entered amounts
5,123.04
5.123,04
5123.041
| FV = | PMT * ((1 + R / N)N * T - 1) | or | FV = | PMT * ((1 + r)N * T - 1) |
| R / N | r |
FV = N * T * PMT + I = A + I
r = R / N
where:
FV = Future value
I = Interest amount
A = Total payment amount
R = Nominal interest rate per year (as a decimal, not in percentage)
r = Interest rate per period (as a decimal, not in percentage)
T = Time period in years
N = Number of compounding periods in one year
PMT = Periodic payment amount, paid at the end of each payment period