This document provides a compound interest calculator that allows users to calculate interest compounded over different periods, with maximum periods of 7 years for monthly compounding, 20 years for quarterly compounding, 40 years for semi-annual compounding, and 80 years for annual compounding. The calculator requires inputs of start and end dates, compounding period, principal value, and interest rate to calculate the total compounded interest, simple interest, closing balance, and more.
This document provides a compound interest calculator that allows users to calculate interest compounded over different periods, with maximum periods of 7 years for monthly compounding, 20 years for quarterly compounding, 40 years for semi-annual compounding, and 80 years for annual compounding. The calculator requires inputs of start and end dates, compounding period, principal value, and interest rate to calculate the total compounded interest, simple interest, closing balance, and more.
This document provides a compound interest calculator that allows users to calculate interest compounded over different periods, with maximum periods of 7 years for monthly compounding, 20 years for quarterly compounding, 40 years for semi-annual compounding, and 80 years for annual compounding. The calculator requires inputs of start and end dates, compounding period, principal value, and interest rate to calculate the total compounded interest, simple interest, closing balance, and more.
Compound interest can be calculated over the following periods:
For interest compounded at one-month intervals: maximum of 7 years For interest compounded at three-month intervals: maximum of 20 years For interest compounded at six-month intervals: maximum of 40 years For interest compounded annually: maximum of 80 years USER INPUT (Click in top box to enter new data, and use the enter key to move between boxes.) Enter the start date (from which interest is to be calculated) (format dd/mm/yyyy) Enter the end date (to which interest is to be calculated) (format dd/mm/yyyy) Enter the number of months that interest compounds at Enter the principal value (currency immaterial) /$/etc. Enter the rate at which interest is charged: Press the enter key to show results in the table below CALCULATION 18 Total compounded interest: /$/etc. Number of days after last compounding period to accrue simple interest: Total simple interest: /$/etc. Total compound plus simple interest: /$/etc. Closing balance: /$/etc. 424,102.92 1,424,102.92 78 400,165.84 June 17, 2003 January 1, 1999 8.00000% 3 1,000,000.00 23,937.08 X:\ACCOUNTS\D SWAIT\Interest Computations\[Compqtrly.xls]