How to Use Compound Interest Calculator?
- Initial Investment: Enter the initial amount of money you are investing.
- Interest Rate: Enter the annual interest rate offered on your investment. Convert the percentage rate into a decimal (e.g., 5% = 0.05).
- Number of Years: Enter the total number of years you plan to keep your investment.
- Compounding Frequency: Select how often the interest is compounded (e.g., annually, monthly, quarterly).
- Calculate: Click the āCalculateā button.
Compound Interest Calculator
Our Online Compound Interest Calculator tool can help you calculate the future value of your investment considering compound interest.
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