Compound Interest Calculator
Instructions
- 1
Enter Principal Amount: Type the initial amount of money you’re investing into the “Principal Amount ($)” field
- 2
Set Interest Rate: In the “Annual Interest Rate (%)” field, enter the annual interest rate as a percentage (e.g., for 5%, enter 5).
- 3
Number of Years: Specify how many years you want to calculate for in the “Number of Years” field.
- 4
Compounding Frequency: Enter how many times per year the interest is compounded in the “Compounds per Year” field (e.g., for annually, enter 1; for quarterly, enter 4).
- 5
Calculate: Click the “Calculate” button.
After clicking “Calculate”, the calculator will display the total amount of money you’ll have after the given period and the total interest earned in the result field below the button.
