compound interest calculator

COMPOUND INTEREST CALCULATOR

Compound interest occurs when interest is earned on a principal sum along with any accumulated interest on that sum. In other ways, you're earning interest on interest. This principal helps your money grow. For example, if you deposit $100 and the interest rate is 5% each year. At the end of year one, you will have $105. At the end of year two, the compound interest is calculated by multiplying 5% by $105. At the end of year two, you would have $110.25. At the end of each year, interest is calculated on the amount in the account.

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OPTIONS

MAIN CALCULATORS

ť Amortization
ť Adjusted Cost
ť Basic Loan
ť Bi Weekly Mortgage
ť Car Loan
ť Car Cost
ť Compound Interest
ť Credit Card
ť Credit Card Payoff
ť Debt Consolidation
ť Debt Investment
ť Home Mortgage
ť Hourly Wage
ť Income
ť Increase Wage
ť Money Counter
ť Percent of Increase
ť Phone Bill
ť Refinance Car Loan
ť Refinance Mortgage
ť Stock Investment
ť Savings
ť Student Loan

MISC CALCULATORS

ť Age
ť Aiport Distance
ť Appliance Cost
ť Astrology
ť Bandwidth
ť Blood Alcohol
ť Body Mass
ť Calorie Burn
ť Date Difference
ť Distance Time
ť Download Time
ť Driving Distance
ť Elapsed Time ť
ť Field Depth ť
ť GPA Grade Average
ť Hi-Tech Calculator
ť Horsepower
ť Lottery Numbers
ť Male Body
ť Metric Conversion
ť Miles Per Gallon
ť Paint Coverage
ť Paycheck
ť Pregnancy
ť Roman Numeral
ť Running Fitness
ť Temp Conversion
ť Top RPM
ť Wind Chill

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