Compound Interest Calculator
Calculate the power of compound interest with regular contributions
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Enter your investment details to see compound interest calculations.
Understanding Compound Interest
How Compound Interest Works:
- • Principal: Your initial investment amount
- • Interest: Earnings on your principal
- • Compounding: Earning interest on your interest
- • Frequency: How often interest is calculated and added
- • Time: The longer you invest, the more you earn
Maximizing Compound Growth:
- • Start investing as early as possible
- • Make regular contributions consistently
- • Choose higher compound frequencies when possible
- • Reinvest all earnings to maximize growth
- • Be patient - compound interest accelerates over time
The Power of Compounding:
Albert Einstein allegedly called compound interest "the eighth wonder of the world." The key is time - even small amounts invested regularly can grow to substantial sums over decades due to the exponential nature of compound growth.