Financial
Compound Interest Calculator
Grow money with any compounding frequency — daily, monthly, or annual.
Future value
$9,096.98
Principal$5,000.00
Interest earned$4,096.98
How it works
A = P(1 + r/n)^(nt)
Compound interest grows on both the original principal and previously accrued interest. Frequency (n) matters: daily compounding grows slightly faster than annual.
Frequently asked
Does compounding frequency matter much?
Marginally. Going from annual to monthly on 6% adds ~0.17% APY. Daily vs monthly is negligible.
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