Compound Interest Calculator

https://www.vertex42.com/Calculators/compound-interest-calculator.html © 2019 Vertex42 LLC

Inputs Results

Principal Amount (P) 4,000.00 Rate Per Payment Period 0.41239%

Annual Interest Rate (r) 5.000% Total Payments 12,000.00
Years of Growth (t) 10 Total Payments + Principal 16,000.00
Start Date 1/1/2016 Total Interest 6,040.15
Compound Frequency (n) Semi-Annual (2) Future Value (F) 22,040.15
Payment (A) 100.00 .
Payment Frequency (p) Monthly (12) .

Principal + Payments Balance

25,000
[42]

20,000

15,000

10,000

5,000

0
12/30/1899 12/30/1918 12/30/1937 12/30/1956 12/30/1975 12/30/1994 12/30/2013

Principal + Cumulative
No. Date Payment Interest Balance
Payments Interest
0 1/1/2016 4,000.00 4,000.00
1 2/1/2016 100.00 4,100.00 16.50 16.50 4,116.50
2 3/1/2016 100.00 4,200.00 16.98 33.47 4,233.47
3 4/1/2016 100.00 4,300.00 17.46 50.93 4,350.93
4 5/1/2016 100.00 4,400.00 17.94 68.87 4,468.87
5 6/1/2016 100.00 4,500.00 18.43 87.30 4,587.30
6 7/1/2016 100.00 4,600.00 18.92 106.22 4,706.22
7 8/1/2016 100.00 4,700.00 19.41 125.63 4,825.63
8 9/1/2016 100.00 4,800.00 19.90 145.53 4,945.53
9 10/1/2016 100.00 4,900.00 20.39 165.92 5,065.92
10 11/1/2016 100.00 5,000.00 20.89 186.81 5,186.81
11 12/1/2016 100.00 5,100.00 21.39 208.20 5,308.20
12 1/1/2017 100.00 5,200.00 21.89 230.10 5,430.10
13 2/1/2017 100.00 5,300.00 22.39 252.49 5,552.49
14 3/1/2017 100.00 5,400.00 22.90 275.39 5,675.39
15 4/1/2017 100.00 5,500.00 23.40 298.79 5,798.79
16 5/1/2017 100.00 5,600.00 23.91 322.71 5,922.71
17 6/1/2017 100.00 5,700.00 24.42 347.13 6,047.13
18 7/1/2017 100.00 5,800.00 24.94 372.07 6,172.07
19 8/1/2017 100.00 5,900.00 25.45 397.52 6,297.52
 Principal + Cumulative
No. Date Payment Interest Balance
Payments Interest
20 9/1/2017 100.00 6,000.00 25.97 423.49 6,423.49
21 10/1/2017 100.00 6,100.00 26.49 449.98 6,549.98
22 11/1/2017 100.00 6,200.00 27.01 476.99 6,676.99
23 12/1/2017 100.00 6,300.00 27.54 504.53 6,804.53
24 1/1/2018 100.00 6,400.00 28.06 532.59 6,932.59
25 2/1/2018 100.00 6,500.00 28.59 561.18 7,061.18
26 3/1/2018 100.00 6,600.00 29.12 590.30 7,190.30
27 4/1/2018 100.00 6,700.00 29.65 619.95 7,319.95
28 5/1/2018 100.00 6,800.00 30.19 650.14 7,450.14
 Compound Interest Calculator
https://www.vertex42.com/Calculators/compound-interest-calculator.html

Principal Amount ( P ) 4,000.00

Annual Interest Rate ( r ) 6%

Compound Frequency ( n ) 365 per Year

Years of Growth ( t ) 5

Additional Deposit ( A ) 200.00

Deposit Frequency ( p ) 1 per Year

nper 5 𝑟𝑎𝑡𝑒=((1+𝑟/𝑛)^(𝑛⁄𝑝)
rate 6.18313%

Future Value (F) $6,530.85

�=� 〖 (1+𝑟𝑎𝑡𝑒) 〗 ^𝑛𝑝𝑒𝑟

Total Payments $1,000.00

Total Interest $5,530.85

© 2019 by Vertex42.com
 About this Calculator
This worksheet was created to verify the
calculations of the online version available on
the listed web page.

𝑛𝑝𝑒𝑟=𝑝∗𝑡

𝑟𝑎𝑡𝑒=((1+𝑟/𝑛)^(𝑛⁄𝑝) )-1

�=� 〖 (1+𝑟𝑎𝑡𝑒) 〗 ^𝑛𝑝𝑒𝑟+𝐴(((1+𝑟𝑎𝑡𝑒)^𝑛𝑝𝑒𝑟−1)/𝑟𝑎𝑡𝑒)

HELP
https://www.vertex42.com/Calculators/compound-interest-calculator.html © 2010-2019 Vertex42 LLC

About This Calculator

This Compound Interest spreadsheet was created as an educational tool to verify
and visualize how compound interest calculations work.

Although it can be used for both savings and loan calculations, it was designed
primary for savings. For example, the Principal and Payment are entered as
positive values for savings. The Principal is entered as a negative value for loans.

Caution
All results should be verified and used with caution. Except for Daily
Compounding, the calculations were designed to be identical to those calculated
using the standard compound interest formulas. Banks, lenders, or other
institutions may be using other methods of calculating interest.

When Compound Frequency is "Daily"

For daily compounding, this spreadsheet assumes a day count convention of 365
days in a year. This means that the daily rate is calculated as the annual interest
rate divided by 365.

Then, to calculate the interest accrued, the interest is compounded over the
actual number of days between each payment period using the difference
between the dates.

When Payment Frequency ≠ Compound Frequency

This calculator lets you choose Payment and Compounding combinations that
don't necessarily make sense. For example, a compound frequency of Monthly
and a payment frequency of Weekly don't match up (there isn't an exact number
of weeks in a month).

The math can still produce a result, but it probably would not match what is going
on from week to week in an actual savings account.

A message "Invalid Choice - do not use results" should appear when n and p are
not common multiples or factors of each other.

Additional Help
The link at the top of this worksheet will take you to the web page on
vertex42.com that discusses the compound interest formulas in more detail.

Related Templates and Resources

► CAGR Calculator (Compound Annual Growth Rate)

► More Retirement and Savings Calculators

► More Loan Calculators

► More Business Templates

► More Financial Calculators

Compount Interest Calculator

By Vertex42.com
https://www.vertex42.com/Calculators/compound-interest-calculator.html

© 2019 Vertex42 LLC

This spreadsheet, including all worksheets and associated content is a

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Do not submit copies or modifications of this template to any website or

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may not use this template. Thank you.

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