Calculator Use Calculate compound interest on an investment or savings. Include additions contributions to the initial deposit or investment for a more detailed calculation. For the formula for compound interest just algebraically rearrange the formula for CAGR.
Compound interest or interest on interest is calculated with the compound interest formula.
Even small deposits to a. To calculate compound interest monthly simply set the compounding frequency setting on the calculator above to monthly Alternatively you can use the formula above and set n equal to 1 and t equal to 12 to find out how much money youll have if interest is compounded monthly for a year. As you move from year to year the principal amount continues to grow. The formula used in the compound interest calculator is A P 1rnnt A the future value of the investment P the principal investment amount.