Compound Interest Calculator.js

return "£"+(function compound(balanceAtYearBeginning, amountDepositedPerYear, coeff, pow, interestOnly, initialAmount) {
	return pow // are we on base case or inductive case?
	? compound(
		(balanceAtYearBeginning + amountDepositedPerYear) * coeff, // apply year's interest to starting balance plus deposit
		amountDepositedPerYear,
		coeff,
		pow-1,
		interestOnly,
		initialAmount || balanceAtYearBeginning
		)
	-(interestOnly && amountDepositedPerYear)
	: balanceAtYearBeginning - (interestOnly
                                ? initialAmount
                                : 0)
})(
1000,	// balance with which your account begins (in £)
300*12,	// amount you expect to deposit annually (in £)
1.021,	// coefficient of interest (i.e. 2.1% = 1.021)
5,		// over how many years you are depositing
true	// show just the interest earned (i.e. subtract amount you deposit)
)
.toFixed(2); // returns ~£1275.76 (i.e. you accrue £1275.76 in interest alone if you deposit this much every year)

Support caps (badly):
http://jsfiddle.net/ozyp450o/10/

"£"+(function compound(balanceAtPeriodBeginning, amountDepositedPerMonth, coeff, pow, interestOnly, compoundMonthly, basicRate, cap, initialAmount) {
    return pow>=1/12 // are we on base case or inductive case?
    ? compound(
        (balanceAtPeriodBeginning + amountDepositedPerMonth * (compoundMonthly || 12)) // plus amount deposited
        + Math.min((balanceAtPeriodBeginning + amountDepositedPerMonth * (compoundMonthly || 12)), cap || Infinity) // interest applied is upon capped contents
        * (((!compoundMonthly*coeff || Math.pow(coeff, 1/12)) // has compounding applied
            -1)
            * (1-(basicRate||0)) // with basic rate of tax deducted
                +1)
        - Math.min((balanceAtPeriodBeginning + amountDepositedPerMonth * (compoundMonthly || 12)), cap || Infinity),
        amountDepositedPerMonth,
        coeff,
        pow-(compoundMonthly || 12)/12,
        interestOnly,
        compoundMonthly,
        basicRate,
        cap,
        typeof initialAmount === 'undefined' ? balanceAtPeriodBeginning : initialAmount
        )
    -(interestOnly && amountDepositedPerMonth * (compoundMonthly || 12))
    : balanceAtPeriodBeginning - (interestOnly
                                ? initialAmount
                                : 0)
})(
0,    // balance with which your account begins (in £)
500,  // amount you expect to deposit monthly (in £)
1.05, // annual interest (i.e. 2.1% = 1.021) or AER
1,    // over how many years you are depositing
true, // show just the interest earned (i.e. subtract amount you deposit)
true,// whether to compound monthly (true) or annually (false). 
0.2,  // basic rate tax
2000  // maximum amount upon which interest can be earned
)
.toFixed(2); // returns ~£61.95 (i.e. you accrue £61.95 in interest alone if you deposit this much every month for this many years, with this much tax, and with monthly compounding, at this AER, beginning with this much in your account)