Compound Interest Calculator and Chart



For fun, I created this compound interest calculator with a chart. Just enter your values in the form below the chart, hit submit, and it will display your results.

Caveats:

  • Rounds to the nearest penny using Math.round(num * 100) / 100
  • Period is a number from 1 (yearly) to 365 (daily). Use 12 for monthly, 52 for weekly.

Quick story: I used to think that if you had a savings account at 10%, you got 10% interest everytime it was calculated. Therefore it made sense to me that interest compounded daily would make 365 times that calculated once a year. As it turns out, interest compounded daily would get 1/365th the annual interest daily, and monthly would get 1/12th the annual interest monthly.

Check out the source here.

Initial balance
Rate
Period (times a year)
Periodic deposits
Years

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