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Basic Tools
Compound Interest Calculator
Calculate the future value of your investment with compound interest over time. Enter the principal amount, interest rate, compounding frequency, and duration to get an accurate calculation.
Compound Interest Calculation
Compound interest allows your investment to grow faster than simple interest because you earn returns not only on your original investment but also on the interest earned over time. Use this calculator to find out how much your investment will be worth in the future.
Enter the principal amount, interest rate, compounding frequency, and the number of years to calculate the future value of your investment.
Step 01: Enter Investment Details
Start by entering the principal amount of your investment, the annual interest rate, the number of times interest is compounded per year, and the number of years you plan to invest for.
Step 02: Calculate Future Value
Click the "Calculate" button to determine the future value of your investment with compound interest. The result will show you how much your initial investment will grow over the specified period.
Use this information to plan your investments and make informed financial decisions.
Compound interest is calculated using the formula:
A = P (1 + r/n)^(n * t)
Where A is the future value of the investment/loan, including interest, P is the principal investment amount, r is the annual interest rate (decimal), n is the number of times that interest is compounded per year, and t is the time the money is invested or borrowed for, in years.
Compound interest is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods. This effect can cause wealth to grow faster compared to simple interest, which is calculated only on the principal amount.
Compound interest is important because it can significantly increase the value of an investment over time. The more frequently interest is compounded, the greater the effect. It is a powerful way to build wealth over time.
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