💰
Compound Interest Calculator
Calculate the future value of your investments with compound interest.
Result
Future Value
Total Interest Earned
📈 Growth Chart
📋 Calculation Details
| Year | Principal | Interest | Balance |
|---|
📋 How to Use
- 1 Enter your initial investment amount (principal)
- 2 Set the annual interest rate
- 3 Choose investment period in years
- 4 Select compounding frequency
🔒 100% Private
📚 What is Compound Interest?
Compound interest is interest calculated on both the initial principal and the accumulated interest from previous periods. Unlike simple interest, compound interest grows exponentially over time, making it a powerful tool for wealth building.
⏱️ Compounding Frequency Explained
- • Annual: Interest calculated once per year. Lowest growth rate.
- • Quarterly: Interest calculated 4 times per year. Moderate growth.
- • Monthly: Interest calculated 12 times per year. Highest growth rate among common options.
💡
Expert Note
Pro Tip: The more frequently interest compounds, the more you earn. Monthly compounding yields more than annual compounding at the same rate.
📊
Formula
Compound interest formula: A = P(1 + r/n)^(nt), where P is principal, r is annual rate, n is compounding frequency, and t is time in years.