Compound interest 

Compound Interest Calculator

Simply input your principal amount, annual interest rate, the number of years, and select your desired compounding frequency. Click “Calculate” and witness the potential growth of your investment.

Experiment with different scenarios and see how time and interest rates can impact your financial goals.

Experiment with different scenarios and see how time, interest rates, and compounding frequency can impact your financial goals.

• Principal amount: This is the initial amount of money you are investing or saving. It’s the starting point for your calculation.
• Annual interest rate (%): The annual interest rate is the rate at which your investment grows or accumulates interest. It’s expressed as a percentage per year.
• Number of years: This is the duration or time period for which you plan to invest or save. It represents how many years your money will be subject to compound interest.
• Additional Monthly Contributions: This is the amount you’ll contribute each month on top of the principal for the duration of the chosen years.
• Compound Interest Frequency: This determines how often the interest is calculated and added to the principal balance of your investment, which then earns interest itself in subsequent periods. The options typically include Daily, Monthly, Quarterly, Semi-Annually, and Annually. Selecting a more frequent compounding interval can significantly enhance the growth of your investment over time due to the effect of earning “interest on interest.”