Compound Interest Calculator

https://www.vertex42.com/Calculators/compound-interest-calculator.html © 2019 Vertex42 LLC

Inputs Results

Principal Amount (P) 2,000.00 Rate Per Payment Period 0.83000%

Annual Interest Rate (r) 0.830% Total Payments 18,000.00
Years of Growth (t) 180 Total Payments + Principal 20,000.00
Start Date 10/1/2021 Total Interest 30,150.11
Compound Frequency (n) Annual (1) Future Value (F) 50,150.11
Payment (A) 100.00 .
Payment Frequency (p) Annual (1) .

Principal + Payments Balance

60,000
[42]

50,000
40,000
30,000
20,000
10,000
0
1/1/1899 1/1/1930 1/1/1961 1/1/1992 1/1/2023 1/1/2054 1/1/2085 1/1/2116 1/1/2147 1/1/2178

Principal + Cumulative
No. Date Payment Interest Balance
Payments Interest
0 10/1/2021 2,000.00 2,000.00
1 10/1/2022 100.00 2,100.00 16.60 16.60 2,116.60
2 10/1/2023 100.00 2,200.00 17.57 34.17 2,234.17
3 10/1/2024 100.00 2,300.00 18.54 52.71 2,352.71
4 10/1/2025 100.00 2,400.00 19.53 72.24 2,472.24
5 10/1/2026 100.00 2,500.00 20.52 92.76 2,592.76
6 10/1/2027 100.00 2,600.00 21.52 114.28 2,714.28
7 10/1/2028 100.00 2,700.00 22.53 136.81 2,836.81
8 10/1/2029 100.00 2,800.00 23.55 160.35 2,960.35
9 10/1/2030 100.00 2,900.00 24.57 184.92 3,084.92
10 10/1/2031 100.00 3,000.00 25.60 210.53 3,210.53
11 10/1/2032 100.00 3,100.00 26.65 237.18 3,337.18
12 10/1/2033 100.00 3,200.00 27.70 264.87 3,464.87
13 10/1/2034 100.00 3,300.00 28.76 293.63 3,593.63
14 10/1/2035 100.00 3,400.00 29.83 323.46 3,723.46
15 10/1/2036 100.00 3,500.00 30.90 354.36 3,854.36
16 10/1/2037 100.00 3,600.00 31.99 386.36 3,986.36
17 10/1/2038 100.00 3,700.00 33.09 419.44 4,119.44
18 10/1/2039 100.00 3,800.00 34.19 453.63 4,253.63
19 10/1/2040 100.00 3,900.00 35.31 488.94 4,388.94
 Principal + Cumulative
No. Date Payment Interest Balance
Payments Interest
20 10/1/2041 100.00 4,000.00 36.43 525.37 4,525.37
21 10/1/2042 100.00 4,100.00 37.56 562.93 4,662.93
22 10/1/2043 100.00 4,200.00 38.70 601.63 4,801.63
23 10/1/2044 100.00 4,300.00 39.85 641.48 4,941.48
24 10/1/2045 100.00 4,400.00 41.01 682.50 5,082.50
25 10/1/2046 100.00 4,500.00 42.18 724.68 5,224.68
26 10/1/2047 100.00 4,600.00 43.36 768.05 5,368.05
27 10/1/2048 100.00 4,700.00 44.55 812.60 5,512.60
28 10/1/2049 100.00 4,800.00 45.75 858.36 5,658.36
 Compound Interest Calculator
https://www.vertex42.com/Calculators/compound-interest-calculator.html

Principal Amount ( P ) 500.00

Annual Interest Rate ( r ) 2%

Compound Frequency ( n ) 1 per Year

Years of Growth ( t ) 60

Additional Deposit ( A ) 100.00

Deposit Frequency ( p ) 1 per Year

nper 60 𝑟𝑎𝑡𝑒=((1+𝑟/𝑛)^(𝑛⁄𝑝
rate 2.00000%

Future Value (F) $13,045.67

𝐹=𝑃 〖 (1+𝑟𝑎𝑡𝑒) 〗 ^𝑛𝑝𝑒

Total Payments $6,000.00

Total Interest $7,045.67

© 2019 by Vertex42.com
 About this Calculator
This worksheet was created to verify the
calculations of the online version available on
the listed web page.

𝑛𝑝𝑒𝑟=𝑝∗𝑡

𝑟𝑎𝑡𝑒=((1+𝑟/𝑛)^(𝑛⁄𝑝) )-1

𝐹=𝑃 〖 (1+𝑟𝑎𝑡𝑒) 〗 ^𝑛𝑝𝑒𝑟+𝐴(((1+𝑟𝑎𝑡𝑒)^𝑛𝑝𝑒𝑟−1)/𝑟𝑎𝑡𝑒)

HELP
https://www.vertex42.com/Calculators/compound-interest-calculator.html © 2010-2019 Vertex42 LLC

About This Calculator

This Compound Interest spreadsheet was created as an educational tool to verify
and visualize how compound interest calculations work.

Although it can be used for both savings and loan calculations, it was designed
primary for savings. For example, the Principal and Payment are entered as
positive values for savings. The Principal is entered as a negative value for loans.

Caution
All results should be verified and used with caution. Except for Daily
Compounding, the calculations were designed to be identical to those calculated
using the standard compound interest formulas. Banks, lenders, or other
institutions may be using other methods of calculating interest.

When Compound Frequency is "Daily"

For daily compounding, this spreadsheet assumes a day count convention of 365
days in a year. This means that the daily rate is calculated as the annual interest
rate divided by 365.

Then, to calculate the interest accrued, the interest is compounded over the actual
number of days between each payment period using the difference between the
dates.

When Payment Frequency ≠ Compound Frequency

This calculator lets you choose Payment and Compounding combinations that
don't necessarily make sense. For example, a compound frequency of Monthly
and a payment frequency of Weekly don't match up (there isn't an exact number
of weeks in a month).

The math can still produce a result, but it probably would not match what is going
on from week to week in an actual savings account.

A message "Invalid Choice - do not use results" should appear when n and p are
not common multiples or factors of each other.

Additional Help
The link at the top of this worksheet will take you to the web page on
vertex42.com that discusses the compound interest formulas in more detail.

Related Templates and Resources

► CAGR Calculator (Compound Annual Growth Rate)

► More Retirement and Savings Calculators

► More Loan Calculators

► More Business Templates

► More Financial Calculators

Compount Interest Calculator

By Vertex42.com
https://www.vertex42.com/Calculators/compound-interest-calculator.html

© 2019 Vertex42 LLC

This spreadsheet, including all worksheets and associated content is a

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Do not submit copies or modifications of this template to any website or

online template gallery.

Please review the following license agreement to learn how you may or
may not use this template. Thank you.

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