Compound Interest Calculator
Calculate how your money grows with compound interest. See the power of compounding over time and plan your investments wisely.
What is compound interest?
Compound interest is interest calculated on the initial principal and also on the accumulated interest of previous periods. This means your money grows faster over time as you earn interest on interest.
How does compounding frequency affect returns?
More frequent compounding (daily vs. annually) results in higher returns because interest is calculated and added more often, allowing you to earn interest on interest sooner.
What's the difference between simple and compound interest?
Simple interest is calculated only on the principal amount, while compound interest is calculated on the principal plus previously earned interest. Compound interest typically yields higher returns over time.
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