Value of initial investment Enter the amount of money you are investing. |
Start year Enter the year in which the money was first invested. |
End year Enter the future year on which you want to base your calculation. |
Annual interest rate Enter the annual compound interest rate you expect to earn on the investment. The default value (3.4 %) equals the rate currently paid on five-year Guaranteed Investment Certificates. You may change this to any rate you wish. |
Annual rate of inflation Enter a projected annual rate of inflation. The default value (2.0%) equals the mid-point of the Bank's inflation-control target range. You may change this to any rate you wish. |
Effect of inflation on value of initial investment The value of the initial investment after the effects of inflation have been calculated, but excluding interest. |
Total interest earned The total amount of interest earned, before inflation. |
Interest earned, after inflation The total amount of interest earned, after the effects of inflation have been calculated. |
Total future value The total value of the investment after the effects of inflation on the principal and interest have been calculated. |
Target future value of investment Enter the future amount of money you want to have. |
Current investment needed for future value This displays the amount you would have to invest to achieve your future target, taking into account the effects of inflation. |