Online Calculators > Financial Calculators > Compound Interest Calculator
Compound Interest Calculator - Weekly, Daily, Monthly or Yearly Compounding
Compound Interest Calculator Weekly, daily, monthly or yearly compounding with monthly contributions to calculate how much your money can grow using compound interest.
Compound interest calculator with monthly contributions gives you the option to include monthly & yearly contributions.
The daily compound interest calculator can be used to calculate loans, investments or savings with compound interest.
A compound interest formula can be found below on how to calculate compound interest.
Compound Interest Formula
Below is the compound interest formula on how to calculate compound interest.
A = P (1 + r/n)^(nt)
Where:
A = is the future value of investment/loan including interest earned
P = is the the principal investment or loan amount
r = is the the annual interest rate in decimal
n = is the number of times that interest will be compounded per year
t = is the number of years the money is invested or borrowed
How to Calculate Compound Interest
To use the above compound interest formula, you will need a few variables defined, mainly the princial amount, annual interest rate, number of years, and the compound periods.
For example, to find out how much would $10,000 grow in 10 years with an annual interest rate of 5% and compound monthly, we will plugin the variables to the compound interest formula.
A = (10000)(1+0.05/12)^(12*10) = $16,470.09
Your $10,000 initial principal will grow into $16,470.09 in 5 years.
Compound Interest Calculator with Monthly Contributions
Compound Interest Calculator with contributions (monthly & annual contributions) gives you the option to calculate how much your money can grow with additional monthly or annual contributions. You also have the
option to adjust when whether the contribution be made at the start or end of each compound period.
Compound Interest Calculator
The online daily compound interest calculator is useful whether you are trying to save money, investing or paying off loans. You can add monthly or yearly
contributions for your daily interest calculation or leave the field as $0 if you do not wish to make regular contributions.
Weekly Compound Interest Calculator
By default, the calculator is a weekly compound interest calculator, you can change the weekly to daily, monthly or any other compound period for your need.
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