Compound Interest Calculator (free to use)

2 responses to “Compound Interest Calculator (free to use)”

1. 

   Jake

   May 29, 2024

   Oh, its not working.

   Reply
2. 

   Ian Bailey

   May 29, 2024

   I have changed the code. It should be working now.

   Reply

How to Use the Compound Interest Calculator

1: Enter Your Initial Investment Amount

1. Initial Investment Amount: Enter the amount of money you initially plan to invest. It is the starting point for your savings or investment.

2: Input the Annual Interest Rate

2. Annual Interest Rate: Specify the annual interest rate you expect to earn on your investment. Enter this rate as a percentage (e.g., 5% or 7.5%).

3: Define Your Investment Duration

3. Investment Duration: Enter the number of years you intend to keep your investment. It affects how long your money will grow with compounded interest.

4: Include Additional Contributions (Optional)

4. Additional Contributions (Optional): If you plan to add more money to your investment periodically (e.g., monthly or annually), specify the amount here. This can accelerate your savings growth.

5: Calculate Your Future Savings

5. Calculate: Click the “Calculate” button to see how your investment will grow over time with compound interest. The calculator will show you the total amount you could potentially accumulate by the end of your investment period.

Check out this blog for more information and by all means leave a comment above. This page is being constructed as you read.