Our compound interest calculator provides a unique approach to calculating the growth of your investments. Unlike other calculators, this tool allows you to specify the nominal interest rate, number of periods, and number of accruals per period, giving you a detailed view of the accreted amount for each accrual.
To use the calculator, simply input the initial amount, nominal interest rate, number of periods, and number of accruals per period. The calculator will then generate a table showing the accreted amount for each accrual, providing a clear understanding of the growth of your investment over time.
In short, the calculator below uses the compound interest formula
where you can set all the parameters.
Thus, you are not locked into monthly, quarterly, or semi-annual accruals.