Savings Growth and Compound Interest Calculator

Compound Interest Calculator

Compound Interest Calculator

The first thing to consider with all personal finance is the idea of compound interest! This is what separates the “Piggy Bank” savers from the Warren Buffets; making use of interest compounding is how you can really make your savings grow!

If you have already used our Investment Return Calculator, you can use this calculator to see how different types of compounding will affect your overall return!

Once you can really see the impact of interest compounding and growth, try out our Credit Card Payments Calculator to see what happens when you are paying interest, not earning it!

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Take The Quiz!

If reading this article was an Assignment, get all 5 of these questions right to get credit!

Click "Next Question" to start the quiz!

1 of 5) With an investment amount of $10,000 and an interest rate of 5% over 15 years, how much profit will you make if it is compounded quarterly?
2 of 5) With an investment amount of $10,000 and an interest rate of 5% over 15 years, what is your final value if it is compounded daily?
3 of 5) With an investment amount of $10,000 and an interest rate of 5% over 15 years, what is the difference in profit between the daily compounding and yearly compounding?
4 of 5) Which should you choose and why? Option 1: $1,000 with an interest rate of 20% over 10 years or Option 2: $1,000 with an interest rate of 8% over 25 years. (With daily compounding)
5 of 5) Which compounding should you choose given the choice of yearly, and daily and why?

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