Compound Interest
Project growth with A = P(1 + r/n)^(nt) and choose compounding from yearly through daily. Shows the final balance and the interest earned.
Frequently asked questions
- What does compounds per year mean?
- How often interest is added to the balance. Daily compounding grows slightly faster than yearly at the same rate.
- Can I use it for a loan?
- Yes. Enter the loan amount as the principal and the annual rate; the result is the amount owed at the end of the term.