Encarta: Amount from Contribution Is Incorrect
Article ID: 179932
Article Last Modified on 1/22/2007
APPLIES TO
- Microsoft Encarta Encyclopedia 98 Standard Edition
- Microsoft Encarta Encyclopedia 99 Standard Edition
- Microsoft Encarta Encyclopedia 2000 Standard Edition
- Microsoft Encarta Encyclopedia 2001 Deluxe Edition
- Microsoft Encarta Encyclopedia 2001 Standard Edition
- Microsoft Encarta Reference Suite 99
- Microsoft Encarta Reference Suite 2000
- Microsoft Encarta Reference Suite 2001
- Microsoft Encarta Encyclopedia 99 Concise Edition
- Microsoft Encarta Encyclopedia 99 Deluxe Edition
- Microsoft Encarta Encyclopedia 2000 Concise Edition
- Microsoft Encarta Encyclopedia 2000 Deluxe Edition
This article was previously published under Q179932
SYMPTOMS
When you use the Compound Interest InterActivity in Microsoft Encarta
Encyclopedia to determine the amount of time you need to save $1 million,
the dollar amount you type in the Monthly Contribution box multiplied by
the number of years the InterActivity calculates you need to save may not
match the Amount From Contribution calculated by the InterActivity.
CAUSE
This behavior can occur because the InterActivity rounds up the number of
years you need to save to the nearest whole year. For example, if you need
to save for 44 years and 2 months, the InterActivity calculates you need
to save for 45 years to save $1 million.
MORE INFORMATION
The Amount From Contribution calculated by the InterActivity is equal to
the dollar amount you type in the Monthly Contribution box multiplied by
the actual number of months you need to save $1 million. If the number of
months is equal to a whole number of years, the discrepancy described in
the Symptoms section does not occur.
NOTE: Encarta Encyclopedia calculates the amount of time in full
years. No months are displayed in the results.
Additional query words: multi multi-media media mm deposit savings earning
Keywords: kbprb KB179932