Compound interest calculator
The following compound interest calculator will help you determine how much compound interest you can earn when investing your money with a company.
Guidelines to use the calculator
When entering numbers, do not use a slash: "/" or "\"
First, enter the principal.
The principal is the money you invest with your bank or any investment company.
Second, enter the interest rate
The interest rate is the amount of money you get paid yearly for every 100 dollars you invest
Enter the time, which is how long your money will stay in the bank or the investment company
Finally, enter how many times the interest will be compounded yearly or how often interest is calculated:
If
Compounded yearly : enter 1
Compounded semiannually or every two months: enter 2
Compounded quarterly or every 3 months: enter 4
Compounded monthly: enter 12
Compounded daily: enter 365
Compounded every two months: enter 6
Compounded every four months: enter 3
Need a Quick Answer to your Basic Mathematics Problems?
Get an answer in 10 minutes or less from a math expert!
Justanswer features topnotch math experts handpicked by personnel after they have taken and passed a rigourous math test and after their credentials have been verified by a third party
Most math experts have bachelor's or master's degree in math or a related field
I am also an expert for justanswer. If you want me to answer your questions, sign in, browse the list of math experts, select my name or ask for me (Jetser Carasco) before sending your question(s)
Justanswer is 100% RISK FREE.You Pay Only for the Answers You Like. Fees are Typically $9$15
