807 votes - Finance - First release: 2020-04-23T07:00:00Z
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Description - 4+
Anyone can be a millionaire if they start investing today. Compound Interest Calc uses a predictive formula to compute the future value of your money. Imagine you start with a $1000 investment and contribute $400/month at 10% interest annually (same average interest rate as S&P 500/Composite index since 1926). After 40 years you will have $2.58 MILLION. 10 more years and you're at $7.08 MILLION! This is the magic of compound interest. Features included: - Calculate future value of your money using the compound interest formula - Easily switch between Periodic Deposit and Periodic Withdrawal modes - Toggle contribution frequency options (yearly, quarterly, monthly, weekly) - Interactive graph of investment value over time - Table display of investment value by year - Persistent values when switching between modes