Compound Interest Calculator:This is the most useful compound interest calculator I have found so far on the net. Most calculators will give you the final balance, but this one will also determine any other value (the principal sum, the interest rate, the term, or the required payment) when you know the other values. Try it. Happy calculating... Mike Bryant. (Warning: When a final balance of more than 10,000,000 is returned, it
will be in scientific notation. This is the format 'nEx', where n is a number
which needs to be multiplied by 10 raised to the power of x to give the
correct answer.) |
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Instructions: 1. Fill in all of the fields except the one you want to calculate.
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| Principal: | The initial investment placed at the start of the term. |
| Interest Rate: | The fixed interest paid on the investment. |
| Years: | The number of years the investment will accrue interest. |
| Months: | The additional number of months to accrue interest. |
| Payment: | Amount of money to be paid to the investment account. |
| Pay period: | How often the payment will be made to the account. |
| Final Balance: | How much money you end up with. |
| Interest Type: | How often the interest will be paid to the account. |
| Always Update: | The field to be recalculated using information from the other fields. |
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Javascript credit: |
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