Compound Interest Calculator
Calculate the power of compound interest on your investments
About Compound Interest
Compound interest is the interest earned on both the initial principal and the interest that has been added to the principal. It's often called the eighth wonder of the world because of its powerful wealth-building potential.
Key Concepts:
- Compounding: Earning interest on interest
- Time Value: The longer you invest, the more powerful compounding becomes
- Frequency: More frequent compounding leads to higher returns
- Einstein's Quote: "Compound interest is the most powerful force in the universe"