A tool designed for financial planning, typically used in investments, allows users to project potential returns based on a regular, monthly contribution. For example, it might estimate the growth of a cryptocurrency portfolio given consistent monthly purchases of a particular coin.
Such projection tools provide valuable insights for long-term financial strategies. By visualizing potential growth based on regular contributions, users can adjust their investment strategies, set realistic financial goals, and better understand the impact of compounding interest or returns over time. This approach to financial planning has become increasingly popular with the rise of online investment platforms and the broader accessibility of diverse investment vehicles.