This compound interest calc will allow you to plan out your short term and long term savings by predicting how much you'll have in the future based on your savings and annual return.
What is compound interest?
Compounding interest is when you have money sitting in a bank account that you earn interest on. The interest that you earn plus your initial deposit will earn more interest. Your Annual Percentage Rate or APR determines how much money you'll accrue overtime. If your savings are compounding monthly or even daily, you'll end up with more money than if your interest was compounding yearly.
How to calculate compound interest
There is a very complicated formula to calculate compound interest earnings. That's what makes this APR calculator so great. Leave all of the calculating to us and just fill out fields such as your Starting Principal, Interest Rate, how often your money is compounded, and how long you plan on investing your money. These factors will be run through our app and automatically calculate how much money you'll make so you don't have to!
Uses for the Compound Interest Calculator:
This financial calculator can be used as a retirement calculator, inflation calculator, or a normal investment calculator. Whether you want to save for retirement or just calculate money compounded over time, this is the best tool for you!
What is compound interest?
Compounding interest is when you have money sitting in a bank account that you earn interest on. The interest that you earn plus your initial deposit will earn more interest. Your Annual Percentage Rate or APR determines how much money you'll accrue overtime. If your savings are compounding monthly or even daily, you'll end up with more money than if your interest was compounding yearly.
How to calculate compound interest
There is a very complicated formula to calculate compound interest earnings. That's what makes this APR calculator so great. Leave all of the calculating to us and just fill out fields such as your Starting Principal, Interest Rate, how often your money is compounded, and how long you plan on investing your money. These factors will be run through our app and automatically calculate how much money you'll make so you don't have to!
Uses for the Compound Interest Calculator:
This financial calculator can be used as a retirement calculator, inflation calculator, or a normal investment calculator. Whether you want to save for retirement or just calculate money compounded over time, this is the best tool for you!
Show More
