Finance Calculator Pro
Understanding Compound Interest
Compound interest is the addition of interest to the principal sum of a loan or deposit. It’s essentially earning interest on your interest, accelerating the growth of your investment over time
Key Components:
Principal: Initial investment amount
Interest Rate: Annual percentage of growth
Time: Investment duration in years
Loan Payment Calculator
How to Use This Calculator
- Enter the initial investment amount (Principal).
- Input the annual interest rate as a percentage.
- Specify the time period in years.
- Click “Calculate” to see the final amount.
Note: This calculator assumes annual compounding. Real-world scenarios may vary based on compounding frequency.
