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The Compound Interest Calculator
The Compound Interest Calculator
With the Free Online Compound Interest Calculator, you can predict the temporal development of a financial investment, considering compound interest.
The quote "Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn't, pays it." is often attributed to Albert Einstein, although there's no verified source confirming this. Still, the idea holds true, understanding compound interest can significantly boost your financial growth.
Instructions
Investment Type: Choose the investment type: One-time investment or monthly contributions.
One-time Investment: Enter the amount of the one-time investment.
Monthly Contributions: Enter the monthly contribution.
Interest Payout Frequency: Choose whether the payout interval is monthly, quarterly or annually.
Interest Rate (%): Enter the interest rate in percentage.
Investment Duration (Years): Specify the number of years for the investment.
Calculation: The calculation is differentiated based on whether it is a one-time investment or monthly contributions.
Results:
Total amount of deposits after the specified number of years.
Total interest earned during this period.
Total value of the investment after the specified number of years.
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