Formula for compound interest
The future value of the investment (including Principal):
A = P(1 + r/n)(nt)
Total Compounded Interest:
C = P(1 + r/n)(nt) - P
Effective Annual Rate:
i = (1 + r/n)n - 1
A = The future value of the investment
P = The principal investment amount
R = Annual Nominal Interest Rate in percent. In the formula, r = R/100.
n = The compound interval (the number of compounding periods per year)
t = Investment Period (years)
C = Total compounded interest
I = Effective Annual Rate. In the formula, i = I/100
When should you use Compound interest calculator?
Compound interest calculator was intentionally built for those, who wish to anticipate their best investment options, but it’s an irreplaceable tool to: banks, finance & investment consultants, family offices and to all financial service businesses. This tool becomes a saver, if you/your customers are looking for solution in situations when:
Interest and amount is not known e.g. What will a deposit of €5000 at 6% compounded yearly interest be worth if put in the bank for 8 years?
Deposit is not known e.g. How much money would you need to deposit today at 8% annual interest compounded monthly to have €1600 in the account after 11 years?
- Where time period is not defined e.g. How long does it take for €4,600 to grow into €13,220 at 8% compounded quarterly?
How to use Compound interest calculator?
This Compound interest calculator is an online widget. All you have to do in order to use it is to embed this calculator into your website. And you’re ready to go! Yet, before taking off, you should note that our Compound interest calculator is fully convertible.
This calculator widget can be adapted to any needs
Those who encountered with making a deposit would agree that there are more than a few options how to do it. Not all financial service institutions treat money investments the same way. Some apply compound interest monthly, others quarterly or even annually. Some of them charge fees, others don't.
Taking this into account, it's up to your control to modify the calculating formula or any other element of the calculator. Also, you can check out alternative calculator templates related to financial services.
Moreover, you can modify your Compound interest calculator to match it perfectly to your website look. The control of its appearance (design, color & text) is completely in your hands. Compound interest calculator widget works on all modern browsers and can be shown on any device whatever it is smartphone, tablet or computer.
Benefits of having Compound interest calculator on your website
Here’s why you should consider embedding our Compound interest calculator.
Benefits to your business:
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Benefits to your customers:
A possibility to assess the presumable outputs. The Compound interest calculator provides an opportunity to project the results of your customers’ investments. Within the matter of several clicks they can test how their investments change if they switch different compounding interval, include periodical additions, increase/decrease calculation period and etc.
- Straightforward communication and instant results. The Compound interest calculator solves an issue in a matter of couple minutes. The use of this calculator overtake the long journey of the inquiry (sending, waiting for the result, replying). Instead, the results for the user are displayed right away, without any disruption of the consultancy. Go further, get even more leads
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