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Enter the current balance of your super or investment fund.
Enter the annual growth rate (as a percentage) from last year. This includes interest, earnings, and contributions.
Enter the number of years you want to project into the future.

The Balance Growth Rate is the percentage increase in your balance over a specified period, often calculated by comparing your current balance to your balance 12 months ago. It includes contributions, interest, and other factors that contribute to the growth of your balance. For example, if your balance was $200,000 last year and is now $220,000, the growth rate would be calculated as follows: 
Growth Rate = ((Current Balance - Past Balance) / Past Balance) * 100
In this example: 
Growth Rate = (($220,000 - $200,000) / $200,000) * 100 = 10%
This means your balance grew by 10% over the past year, including interest and contributions.

To use the Future Value Calculator, simply input your current balance, the annual balance growth rate (calculated as explained above), and the number of years you want to project. The calculator will provide a detailed projection of your future super balance, including interest and contributions.

Yes, the Balance Growth Rate includes both compound interest and any additional contributions made during the year. When you enter your current balance and growth rate, the calculator takes into account the effect of interest and contributions on the overall balance for each year projected.

Growth Rate represents the overall increase in your balance over a specific period, including contributions, interest, and any other factors that affect your balance. The Interest Rate, on the other hand, is the rate at which your balance grows due to interest alone. The Growth Rate is more comprehensive, as it also accounts for contributions and other factors.

The projection in the calculator is based on the assumption that your balance will continue to grow at the same rate as the past year. While it provides a useful estimate, future growth may vary depending on market conditions, contributions, and other factors.

Yes, you can adjust the number of years for projection in the calculator. Simply enter the number of years you want to project, and the calculator will estimate your balance for that period based on the current balance and growth rate.

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