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Compound Interest Calculator
Calculate compound interest with principal, monthly deposits, and interest rate. View yearly asset growth.
💡 How to Use
Enter principal, monthly deposit, annual rate, investment period, and compounding frequency to see the final amount and yearly breakdown.
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FAQ
What's the difference between compound and simple interest?▼
Simple interest applies only to the principal, while compound interest applies to principal plus accumulated interest. The compound effect grows significantly over time.
What's the difference between monthly and annual compounding?▼
Monthly compounding reinvests interest every month, yielding slightly more than annual compounding. Shorter compounding periods result in higher final amounts.