Multi-Currency Compound Interest Calculator
Calculate how your investments can grow over time with the power of compound interest
Investment Details
Investment Summary
Principal Amount:
$10,000.00
Total Contributions:
$0.00
Total Interest:
$0.00
Final Balance:
$10,000.00
Growth Over Time
Yearly Breakdown
Showing years 1-10
| Year | Principal | Contributions | Interest | Total |
|---|
About Compound Interest
Compound interest is the interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan. The effect of compound interest depends on frequency.
The formula for compound interest is:
A = P × (1 + r/n)nt
Where:
- A = the future value of the investment/loan, including interest
- P = the principal investment amount (the initial deposit or loan amount)
- r = the annual interest rate (decimal)
- n = the number of times that interest is compounded per year
- t = the number of years the money is invested or borrowed for
Compound interest is a powerful concept in finance because it allows investments to grow exponentially over time. The more frequently interest is compounded, the greater the return.