Investment Results
Initial Investment
$10,000.00
Total Interest Earned
$1,456.00
Final Value
$11,456.00
Effective Annual Rate:
2.75%
Total Return:
14.56%
Period Breakdown
| Period | Interest | Balance |
|---|
How This Calculator Works
This calculator estimates the returns on a Guaranteed Investment Certificate (GIC) based on the principal amount, interest rate, and term length.
- Interest Paid Out: Interest is paid to the investor each period rather than reinvested:
Interest = Principal × Rate × Time - Compound Interest: Interest is calculated on principal plus accumulated interest:
A = P(1 + r/n)^(nt)