This compound interest calculator is designed to help you estimate how your investments will grow over time. It accounts for regular contributions, varying interest rates, and different compounding frequencies to provide a detailed projection of your financial growth.
Compound interest is the interest calculated on the initial principal and also on the accumulated interest from previous periods. It can significantly increase your investment value over time, especially with consistent contributions and higher compounding frequency.
The interest rate determines how much your investment earns, while the compounding frequency controls how often that interest is added to your balance. More frequent compounding (e.g., daily) generally results in higher total growth than less frequent compounding (e.g., yearly).
The table provides a yearly summary of your investment's value, including the total amount and how much of it is interest earned. This helps visualize the impact of compounding and contributions over time.
Yes! You can select your preferred currency from the dropdown at the top of the calculator. This updates the display throughout the results and chart but does not convert values based on exchange rates—it’s purely symbolic.