Compound Interest Calculator
Calculate your investment growth with daily, monthly or annual compounding
💰
📈
5%
📅
10
Future Value
$16,470.09
Total Interest
$6,470.09
Principal Amount
$10,000.00
Annual Growth
5%
Years
10
Frequently Asked Questions
What is compound interest?
Compound interest is the interest calculated on the initial principal and also on the accumulated interest from previous periods. It allows investments to grow exponentially over time.
How does compounding frequency affect returns?
The more frequently interest is compounded, the higher the total return. Daily compounding will yield slightly more than monthly, which yields more than annual compounding.
What's the formula for compound interest?
The formula is: A = P(1 + r/n)^(nt), where A is the final amount, P is principal, r is annual interest rate, n is compounding frequency, and t is time in years.
Can I use this calculator for monthly investments?
This calculator focuses on lump-sum investments. For recurring investments, please use our savings calculator.