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Calculate the future value of your investment with compound interest.
Learn everything you need to know about mathematical calculations, formulas, and real-world applications. Find answers to common questions about calculations and using them in everyday situations.
Compound interest is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.
The formula for compound interest is A = P(1 + r/n)^(nt), where A is the future value, P is the principal, r is the annual interest rate, n is the number of times interest is compounded per year, and t is the number of years.
Simple interest is calculated only on the principal amount, while compound interest is calculated on the principal amount and also on the accumulated interest of previous periods.
Mathematical FormulaSee how your savings can grow over time with regular contributions.
Estimate the future value of your retirement savings.