

Title  Calculate the future value of a monthly investment with interest in Visual Basic 6 
Description  This example shows how to calculate the future value of a monthly investment with interest in Visual Basic 6. 
Keywords  algorithms, mathematics, finance, interest, monthly investment, investment, example, example program, Windows Forms programming, Visual Basic 6, VB 6 
Categories  Algorithms 


The magic of compound interest is that, over time, you get interest on the interest
For each month the program calculates the interest on the account balance. It then adds the interest and a monthly contribution to the balance and displays the result. (Note that interest is compounded monthly not continuously.)
The following code shows how the program performs its calculations.


' Calculate the interest compounded monthly.
Private Sub cmdGo_Click()
Dim monthly_contribution As Double
Dim num_months As Integer
Dim interest_rate As Double
Dim balance As Double
Dim i As Integer
Dim new_item As ListItem
Dim interest As Double
' Get the parameters.
monthly_contribution = _
ParseCurrency(txtMonthlyContribution.Text)
num_months = Val(txtNumMonths.Text)
interest_rate = ParsePercent(txtInterestRate.Text) / 12
' Calculate.
lvwBalance.ListItems.Clear
balance = 0
For i = 1 To num_months
' Display the month.
Set new_item = _
lvwBalance.ListItems.Add(Text:=Format$(i))
' Display the interest.
interest = balance * interest_rate
new_item.ListSubItems.Add _
Text:=FormatCurrency$(interest)
' Add the contribution.
balance = balance + monthly_contribution
' Display the balance.
balance = balance + interest
new_item.ListSubItems.Add _
Text:=FormatCurrency$(balance)
Next i
' Scroll to the last entry.
lvwBalance.ListItems(lvwBalance.ListItems.Count).EnsureVisible
End Sub








