Compound Interest Calculator
See the power of compound interest and how your money can grow over time.
Investment Details
Year-by-Year Growth
| Year | Deposits | Interest | Balance |
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The Magic of Compound Interest
Compound interest is interest calculated on the initial principal and also on the accumulated interest
from previous periods.
The formula is: A = P(1 + r/n)^(nt)
💡 Pro Tip: The more frequently interest compounds, the more you earn. Daily compounding yields slightly more than annual compounding.