deposit-calculator

This is a Next.js project bootstrapped with create-next-app.

Getting Started

First, run the development server:

npm run dev
# or
yarn dev
# or
pnpm dev
# or
bun dev

Open http://localhost:3000 with your browser to see the result.

You can start editing the page by modifying app/page.tsx. The page auto-updates as you edit the file.

Deposit Returns Calculator

Description

This project calculates the real value of an investment after accounting for compound interest and inflation. It uses JavaScript to perform the calculations.

• NPM Package: https://www.npmjs.com/package/deposit-calculator?activeTab=readme

Installation

1. Clone the repository:

    git clone https://github.com/SanjeevSaniel/garage-projects
   

2. Navigate to the project directory: cd deposit-returns-calculator

3. Install dependencies (if any): npm install

To calculate the real value of an investment, use the calculateRealValue

    function calculateRealValue(
        principal, 
        annualInterestRate, 
        compoundingFrequency, 
        years, 
        inflationRate
    ) {
        // Calculate the future value with compound interest
        const futureValue = principal * Math.pow(
            (1 + annualInterestRate / compoundingFrequency), compoundingFrequency * years);

        // Adjust for inflation
        const realValue = futureValue / Math.pow((1 + inflationRate), years);

        return realValue;
    }


    // Example usage:

    const principal = 10000; // Initial deposit
    const annualInterestRate = 0.05; // 5% annual interest rate
    const compoundingFrequency = 4; // Quarterly compounding
    const years = 10; // Investment period in years
    const inflationRate = 0.02; // 2% annual inflation rate

    const realValue = calculateRealValue(principal, annualInterestRate, compoundingFrequency, years, inflationRate);
    console.log(`The real value of the investment after ${years} years is: $${realValue.toFixed(2)}`);