Impact of Inflation  
Over time, the effects of inflation can erode the value of your savings. At the end of an inflationary year, a dollar buys a little bit less than the year before. This calculator is designed to estimate the future cost of an item based on today’s prices and the rate of inflation you expect.
     

1. Enter the current cost of what you want to buy.

$

2. How many years before you will buy this item?

3. Enter the annual inflation rate that you want to assume. (Inflation has averaged 3 percent over the past 10 years.)

%
 

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. Calculators provided by Emerald Connect, Inc.

   
   
Investment Center
Located inside

The Bank of Elk River

630 Main Street NW
 • Elk River, MN • 55330
Phone: 763-241-8568 • Fax: 763-441-0847
• PReiner@INGfp.com

Securities and investment advisory services offered through ING Financial Partners, Inc., member FINRA, SIPC.

Federal and state insurance and securities rules and regulations prohibit registered representative(s) and/or investment adviser representative(s) from soliciting, offering and selling any insurance or securities products or providing investment advice until they are properly registered and licensed in each state jurisdiction.

The registered representative(s) and/or investment adviser representative(s) listed on this website are licensed and registered in the following states:

We are licensed to sell Insurance Products in MN.

We are registered to sell Securities in MN.

 *Securities products offered through ING Financial Partners.

The Bank of Elk River is not a subsidiary of nor controlled by ING Financial Partners, Inc., NOT FDIC INSURED, NOT GUARANTEED BY THE BANK, NOT A DEPOSIT, NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY & MAY LOSE VALUE.

[ Online Privacy Policy | Important Disclosures | Privacy Promise | Order Routing Disclosure ]