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When a financial planner simply needs a quick, one number answer, he or she will turn to this calculator. It answers the question "How much money will I have to save each period to reach a future value assuming some interest rate and a regular deposit frequency?" If your goal is to have 2.5 million after 25 years, this calculator will tell you the amount of money you have to save by the week, month, quarter or year, etc. (There are about 10 frequencies from which you may choose.) This is an important calculator for quick what-ifs and financial planning.
