Compound Interest Calculator

Compound Interest Calculator is a handy Excel spreadsheet that helps you figure out compound interest for both deposits and loans. You can customize it based on a few important details, which makes it super useful!

What is Compound Interest?

So, what’s the deal with compound interest? It’s a financial term that banks use to calculate how much money they owe you when you save or how much you owe them when you take out a loan. Pretty important stuff, right?

Why Use This Calculator?

The formula for calculating compound interest can be pretty complicated and doing it by hand isn’t really fun. That’s why using a tool like this calculator is way smarter. It saves time and gives you accurate results without the headache.

Easy to Use

The best part? Compound Interest Calculator comes as an easy-to-use Excel spreadsheet. You can launch it with Microsoft Office or any program that opens XLS files.

How to Get Started

Using it is super simple! All you need to do is fill in some basic fields like the amount of money you’re investing (or borrowing), your yearly interest rate (that your bank gives you), how long you'll keep it there (in years), and how often the interest compounds—whether that's daily, weekly, quarterly, semi-annually, or annually.

Your Results Instantly!

Once you've put in those details, the spreadsheet does its magic! It calculates everything for you: future value of your investment or loan, total interest earned, and total compounded rate. And if you change any of your numbers? The results update right away!

A Simple Yet Effective Tool

This Compound Interest Calculator works great even though it's simple. It would be awesome if it included graphs so we could easily see how our investments or loans change over time.