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The power of interest
(This is a premium feature)
In this example, we place $5000 into an account that bears interest at 7% annually. We make no additional contributions. After 10 years, we withdraw all the funds, which have grown to $9835.
Store:
Interest .07
PV -5000
Pmt 0
N 10
Calculate
FV 9835
Notice that we use a minus sign for PV because that is cash going out (to a bank account).
With the current release of ActiCalc, all financial calculations assume payments are applied and interest calculated at the end of the period.
See more examples.