Compound Interest Calculator
Calculate compound growth and interest earned with annual, quarterly, monthly, or daily compounding.
Final amount
$16,470.09
$6,470.09interest earned•
P(1 + r/n)ⁿᵗformula
Formula
The calculator uses P(1 + r/n)^(nt), where P is principal, r is the decimal annual rate, n is compounds per year, and t is years.
Frequently Asked Questions
What compounding frequency should I choose?+
Use the frequency specified by the account or loan. More frequent compounding produces a slightly higher effective return when the nominal rate is unchanged.
Does this calculator include regular deposits or withdrawals?+
No. It models one starting principal with no additional contributions or withdrawals.
What is the difference between nominal and effective annual interest?+
The nominal rate is the stated annual rate. The effective annual rate includes the impact of compounding during the year.
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