The above calculator compounds interest daily after each deposit is made. First enter the amount you intend to use as an initial deposit and how much you plan to contribute on a monthly or annual basis. Next adjust the calculator for the interest rate offered by the account youll be using.
Compound Interest Formula P 1rn nt and Future Value of Series Formula PMT 1 rn nt - 1 rn as explained at The Calculator Site.
How to calculate compound interest A the future value of the investment P the principal investment amount r the interest rate decimal n the number of times that interest is compounded per period t the number of periods the money is invested for. Includes compound interest formulas to find principal interest rates or final investment value including continuous compounding A Pert. If you want to make deposits at the end of each day then please subtract the first deposit from. The caret symbol represents an exponential equation which means a number is raised to the power of another.