Project what regular deposits will grow to with FV.
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=FV(rate/12, years*12, -payment, -initial)FV takes the periodic rate, the number of periods, the recurring payment, and an optional starting balance. Enter payments and the initial amount as negatives (money out) so the future value is positive.
=FV(6%/12, 10*12, -200, -1000)→$34,604$1,000 start + $200/mo for 10 years at 6%.
Set the payment to 0: =FV(rate/12, months, 0, -initial) — it then just compounds the starting balance.
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