The interest rate and number. The compound interest formula solves for the future value of the investment. Interest RateEstimated Interest RateYour estimated annual interest rate.
To calculate compound interest monthly simply set the compounding frequency setting on the calculator above to monthly Alternatively you can use the formula above and set n equal to 1 and t equal to 12 to find out how much money youll have if interest is compounded monthly for a year.
Learn the compound interest formula. To understand compound interest first start with the concept of simple interest. Interest rate variance rangeRange of. Future Compound Interest principal amount 1 interest rates years Compound Interest Future Compound.