# Compound interest. Arbitrary payment

Compound interest calculator with the possibilityto set all the parameters of the compound interest formula

### This page exists due to the efforts of the following people:

#### Anton

Created: 2015-12-24 17:16:39, Last updated: 2021-03-20 20:21:01

Usually, when talking about deposits and compound interest (when the interest accrued not on the initial but the accreted amount), monthly, quarterly, or semi-annual interest calculations are used.
Sometimes the questions appear - what if the rate is indicated for a month and the interest is accrued daily? It's the same thing in a mathematical sense, but there is no calculator on our website that would allow us to set, for example, 30 percent accruals for one month at a monthly rate of 16%. The calculator below now allows you to do this.

This calculator just shows the calculation by compound interest formula
$S=P(1 + \frac{j}{m})^{mn}$
where you can set all the parameters

#### Compound interest. Arbitrary payment

Initial amount
Nominal interest rate
The number accruals in the period for which the nominal interest rate is specified
The number of periods for table calculation
Digits after the decimal point: 2
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