![]() (or the advanced formula with annual additions),Īs well as a calculator for periodic and continuous compounding. See How Finance Works for the compound interest formula, It also accounts for the effects of inflation,Īnd the importance of paying down your debt. ![]() It is the basis of everything from a personal savings plan to the long term growth of the stock market. Free compound interest calculator to find the interest, final balance, and schedule using either a fixed initial investment and/or periodic contributions. ![]() Compound interest - meaning that the interest you earn each year is added to your principal, so that the balance doesn't merely grow, it grows at an increasing rate - is one of the most useful concepts in finance. ![]()
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