How is this different from simple interest?
Compound interest reinvests earned interest and grows faster over time, while simple interest is calculated only on the original principal.
Project compounded growth from principal, annual rate, time, and optional monthly contributions.
Growth projection
Project maturity value with compounding frequency and optional recurring monthly additions.
FAQ
Compound interest reinvests earned interest and grows faster over time, while simple interest is calculated only on the original principal.
Yes. The monthly contribution field lets you model additional recurring deposits on top of the starting principal.