Compound Interest Calculator
Our Compound interest calculator is designed to estimate how much money will be accumulated from one’s deposit within a certain period of time.
This calculator includes interest that is earned not only on the initial amount invested but also on any interest. In other words, compound interest is the interest calculated on top of the initial deposit and the interest which has been accumulated during the consecutive periods as well.
The most common use of the Compound interest calculator is the calculation of regular savings. In order to make a smart financial decision you must be able to foresee the expected outcomes of it.
The generic compound interest formula:
A = P(1 + r/n)(nt)
Total Interest Paid = Total Cost of Mortgage-Mortgage Amount