Compound Interest Calculator BETA - Check results carefully

https://www.vertex42.com/Calculators/compound-interest-calculator.html © 2019-2022 Vertex42 LLC

Inputs Results Frequency Periods Per Year

Annual (1) 1
Principal Amount (P) 25,000.00 Rate Per Payment Period 46.90169% Semi-Annual (2) 2
Annual Interest Rate (r) 100 Total Payments 1,500,000.00 Quarterly (4) 4
Years of Growth (t) 5 Total Payments + Principal 1,525,000.00 Bi-Monthly (6) 6
Start Date 7/1/2024 Total Interest ### Monthly (12) 12
Compound Frequency (n) Annual (1) Future Value (F) ### Semi-Monthly (24) 24
Payment 25,000.00 . Bi-Weekly (26) 26
Payment Frequency (p) Monthly (12) . Weekly (52) 52
Daily (365) 365
Principal + Payments Balance
Payment Periods Per Year (p) 12
1,000,000,000,000,000 Compound Periods Per Year (n) 1
[42]

800,000,000,000,000 Using the FV function ###

600,000,000,000,000 PMT (to make FV=0) -11,725.4216

400,000,000,000,000
Assumptions
200,000,000,000,000
• Additional Payments are applied at the end of the period (for FV formulas, type=0)
0 • Interest is added to the Balance and is calculated as rate_per_period * previous_balance
45505
• For Daily compounding, the interest is calculated using rate=r/365 and the days between dates
• Some combinations of compound and deposit frequency don't make much sense (such as monthly and biweekly)
• Principal (P) and Payment (A) values are positive for deposits to savings
• For loans, enter a negative value for the Principal (P)
Principal + Cumulative
No. Date Payment Interest Balance
Payments Interest
0 7/1/2024 25,000.00 25,000.00
1 8/1/2024 25,000.00 50,000.00 11,725.42 11,725.42 61,725.42
2 9/1/2024 25,000.00 75,000.00 28,950.26 40,675.69 115,675.69
3 10/1/2024 25,000.00 100,000.00 54,253.85 94,929.53 194,929.53
4 11/1/2024 25,000.00 125,000.00 91,425.24 186,354.77 311,354.77
5 12/1/2024 25,000.00 150,000.00 146,030.64 332,385.41 482,385.41
6 1/1/2025 25,000.00 175,000.00 226,246.89 558,632.30 733,632.30
7 2/1/2025 25,000.00 200,000.00 344,085.92 902,718.22 1,102,718.22
8 3/1/2025 25,000.00 225,000.00 517,193.44 1,419,911.66 1,644,911.66
9 4/1/2025 25,000.00 250,000.00 771,491.30 2,191,402.96 2,441,402.96
10 5/1/2025 25,000.00 275,000.00 1,145,059.16 3,336,462.12 3,611,462.12
11 6/1/2025 25,000.00 300,000.00 1,693,836.63 5,030,298.75 5,330,298.75
12 7/1/2025 25,000.00 325,000.00 2,500,000.00 7,530,298.75 7,855,298.75
13 8/1/2025 25,000.00 350,000.00 3,684,267.58 11,214,566.33 11,564,566.33
14 9/1/2025 25,000.00 375,000.00 5,423,976.62 16,638,542.96 17,013,542.96
15 10/1/2025 25,000.00 400,000.00 7,979,638.55 24,618,181.50 25,018,181.50
16 11/1/2025 25,000.00 425,000.00 11,733,949.01 36,352,130.51 36,777,130.51
17 12/1/2025 25,000.00 450,000.00 17,249,094.38 53,601,224.89 54,051,224.89
18 1/1/2026 25,000.00 475,000.00 25,350,935.94 78,952,160.84 79,427,160.84
19 2/1/2026 25,000.00 500,000.00 37,252,677.82 116,204,838.65 116,704,838.65
20 3/1/2026 25,000.00 525,000.00 54,736,537.33 170,941,375.98 171,466,375.98
21 4/1/2026 25,000.00 550,000.00 80,420,621.78 251,361,997.76 251,911,997.76
22 5/1/2026 25,000.00 575,000.00 118,150,974.96 369,512,972.72 370,087,972.72
23 6/1/2026 25,000.00 600,000.00 173,577,500.02 543,090,472.74 543,690,472.74
24 7/1/2026 25,000.00 625,000.00 255,000,000.00 798,090,472.74 798,715,472.74
25 8/1/2026 25,000.00 650,000.00 374,611,025.50 1,172,701,498.24 1,173,351,498.24
26 9/1/2026 25,000.00 675,000.00 550,321,638.97 1,723,023,137.21 1,723,698,137.21
27 10/1/2026 25,000.00 700,000.00 808,443,493.18 2,531,466,630.39 2,532,166,630.39
28 11/1/2026 25,000.00 725,000.00 1,187,628,849.73 3,719,095,480.12 3,719,820,480.12
29 12/1/2026 25,000.00 750,000.00 1,744,658,532.73 5,463,754,012.84 5,464,504,012.84
30 1/1/2027 25,000.00 775,000.00 2,562,944,530.28 8,026,698,543.12 8,027,473,543.12
31 2/1/2027 25,000.00 800,000.00 3,765,020,459.48 11,791,719,002.60 11,792,519,002.60
32 3/1/2027 25,000.00 825,000.00 5,530,890,270.16 17,322,609,272.76 17,323,434,272.76
33 4/1/2027 25,000.00 850,000.00 8,124,982,800.02 25,447,592,072.78 25,448,442,072.78
34 5/1/2027 25,000.00 875,000.00 ### 37,383,340,543.49 37,384,215,543.49
35 6/1/2027 25,000.00 900,000.00 ### 54,917,168,045.61 54,918,068,045.61
36 7/1/2027 25,000.00 925,000.00 ### 80,674,668,045.61 80,675,593,045.61
37 8/1/2027 25,000.00 950,000.00 ### 118,512,881,621.27 118,513,831,621.27
38 9/1/2027 25,000.00 975,000.00 ### 174,097,867,157.35 174,098,842,157.35
39 10/1/2027 25,000.00 1,000,000.00 ### 255,753,159,968.15 255,754,159,968.15
40 11/1/2027 25,000.00 1,025,000.00 ### 375,706,173,790.65 375,707,198,790.65
41 12/1/2027 25,000.00 1,050,000.00 ### 551,919,185,596.04 551,920,235,596.04
42 1/1/2028 25,000.00 1,075,000.00 ### 810,779,083,153.95 810,780,158,153.95
43 2/1/2028 25,000.00 1,100,000.00 ### ### ###
44 3/1/2028 25,000.00 1,125,000.00 ### ### ###
45 4/1/2028 25,000.00 1,150,000.00 ### ### ###
46 5/1/2028 25,000.00 1,175,000.00 ### ### ###
47 6/1/2028 25,000.00 1,200,000.00 ### ### ###
48 7/1/2028 25,000.00 1,225,000.00 ### ### ###
49 8/1/2028 25,000.00 1,250,000.00 ### ### ###
50 9/1/2028 25,000.00 1,275,000.00 ### ### ###
51 10/1/2028 25,000.00 1,300,000.00 ### ### ###
52 11/1/2028 25,000.00 1,325,000.00 ### ### ###
53 12/1/2028 25,000.00 1,350,000.00 ### ### ###
54 1/1/2029 25,000.00 1,375,000.00 ### ### ###
55 2/1/2029 25,000.00 1,400,000.00 ### ### ###
56 3/1/2029 25,000.00 1,425,000.00 ### ### ###
57 4/1/2029 25,000.00 1,450,000.00 ### ### ###
58 5/1/2029 25,000.00 1,475,000.00 ### ### ###
59 6/1/2029 25,000.00 1,500,000.00 ### ### ###
60 7/1/2029 25,000.00 1,525,000.00 ### ### ###
 Compound Interest Calculator
https://www.vertex42.com/Calculators/compound-interest-calculator.html

Principal Amount ( P ) 4,000.00 About this Calculator

This worksheet was created to verify the
calculations of the online version available on
Annual Interest Rate ( r ) 6% the listed web page.

Compound Frequency ( n ) 365 per Year

Years of Growth ( t ) 5

Additional Deposit ( A ) 200.00

Deposit Frequency ( p ) 1 per Year

nper 5 -1
rate 6.18313%

Future Value (F) $6,530.85

Total Payments $1,000.00

Total Interest $5,530.85

© 2019 by Vertex42.com
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
Cautionvalues for savings. The Principal is entered as a negative value for loans.
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
When Compound Frequency
institutions may be usingis "Daily (365)" of calculating interest.
other methods
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
Then, by 365.
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
The a payment
math frequency
can still produceofa Weekly don't
result, but match upwould
it probably (therenot
isn't an exact
match whatnumber
is going
of weeks
on in a month).
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

© 2019-2022 Vertex42 LLC

This spreadsheet, including all worksheets and associated content is a
copyrighted work under the United States and other copyright laws.
Do not submit copies or modifications of this template to any website or
online template gallery.
Please review the following license agreement to learn how you may or
may not use this template. Thank you.

License Agreement
https://www.vertex42.com/licensing/EULA_personaluse.html

Do not delete this worksheet