If I put $100 a month into a high yield savings account, how much will it be worth in 10 years? What if I invest it and predict that I'll earn a 10% return? What if it's $200?
This very simple calculator will let you play with those numbers to see what you'll have. You can also use the future value (fv) function on your favorite spreadsheet. In google sheets:
FV(rate, number_of_periods, payment_amount, [present_value], [end_or_beginning])
But let's do our own math! I am going to simplify this from the spreadsheet and assume that you are doing monthly payments, but you know the annual interest rate, etc. Future value of your investments:
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