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Compound Interest Calculator

Description

The Compound Interest Calculator helps you determine the future value of an investment or loan based on the principal amount, annual interest rate, compounding frequency, and number of years. You can also include regular additional contributions. There is no limit on the interest amount you can calculate, making it suitable for both small and large investments.

How to Use

  1. Enter the principal amount (initial investment or loan amount) in dollars.
  2. Enter the annual interest rate as a percentage.
  3. Select the compounding frequency (how often interest is compounded per year).
  4. Enter the number of years for the investment or loan.
  5. Optionally, enter any additional contributions and select the contribution frequency (including weekly, monthly, and daily).
  6. Click the "Calculate" button to see the future value of the investment or loan.
Last updated: 09/16/2024
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