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Most people only think of interest in terms of how high or low a rate is. But understanding how interest is calculated — or how it compounds — is important, too. Using our compound interest calculator can help you understand how compound interest factors into your investments, savings, and debts.
Knowing how compound interest works can help you avoid expensive mistakes and make the most of your money, whether you’re planning to save money, invest, borrow, or spend.
Use our compound interest calculator to see how your initial investment will grow over time. We also let you change your compounding frequency, so if you need a daily compound interest calculator, a monthly compound interest calculator, or an …