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How can inflation and taxes impact savings? The Savings Calculator Let's say you have $ in a savings account that pays a 1 percent interest rate. savings accounts, interst bearing checking accounts, CDs, and money market accounts. savings account, and your bank gives you 5 percent interest annually. what money you'll have if you save a regular amount; how compounding increases your savings interest; the difference between saving now and saving later; how to.

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