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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 demostrates
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 APR: |
Annual percentage rate received if your investment is compounded
yearly. |
| Quarterly APR: |
Annual percentage rate received if your investment is compounded
quarterly. |
| Monthly APR: |
Annual percentage rate received if your investment is compounded
monthly. |
| Daily APR: |
Annual percentage rate 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.
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