Nifty Compound Interest 1.4

Check out a financial calculator for managing personal savings. Work with a variety of compound intervals: daily, weekly, monthly, quarterly, semi-annual, and annual. Adjust your deposit by inflation and change parameters according to the current conditions.

Work out the compound interest on your savings with this simple but feature-rich calculator. This calculator supports a full range of compound intervals: daily, weekly, monthly, quarterly, semi-annual and annual.

Features:

- Compound intervals: daily, weekly, monthly, quarterly, semi-annual and annual

- Periodic deposits: daily, weekly, monthly, quarterly, semi-annual and annual

- Adjust your deposit by inflation

- Interactive and easy change of all your parameters

- Simple and clear display of results

- Savings growth chart

- Savings growth report in a tabular view

- Print your report or save it as a PDF file

- Print your savings growth chart or save it as an image

Compound interest - interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan. Compound interest can be thought of as "interest on interest," and will make a deposit or loan grow at a faster rate than simple interest, which is interest calculated only on the principal amount.

The rate at which compound interest accrues depends on the frequency of compounding; the higher the number of compounding periods, the greater the compound interest. Thus, the amount of compound interest accrued on $100 compounded at 10% annually will be lower than that on $100 compounded at 5% semi-annually over the same time period. Compound interest is also known as compounding.