Compound Interest and Your Return
How interest is calculated can greatly
affect your savings. The more often interest is compounded,
or added to your account, the more you earn. This calculator
demonstrates how compounding can affect your savings, and how
interest on your interest really adds up!
Definitions
| Investment Amount: |
The amount of your initial investment.
|
| Interest Rate: |
The annual interest rate for
your investment. |
| Years: |
Number of years for this investment.
|
| Yearly APY: |
Annual percentage yield received
if your investment is compounded yearly. |
| Quarterly APY: |
Annual percentage yield received
if your investment is compounded quarterly. |
| Monthly APY: |
Annual percentage yield received
if your investment is compounded monthly. |
| Daily APY: |
Annual percentage yield received
if your investment is compounded daily. |
information
and interactive calculators are made available to you as self-help
tools for your independent use. We can not and do not guarantee
their accuracy or their applicability to your circumstances.
We encourage you to seek personalized advice from qualified
professionals regarding all personal finance issues.
