Albert Einstein once said that “compound interest is the eighth wonder of the world”, and for good reason! That’s because investing a continual sum of money over a specified interest rate over a long period of time, can result in significant growth over the long-run, due strictly to the interest that is generated upon interest, in a continually increasing cycle that “compounds” exponentially over time.
With that being said, check out our compound interest calculator below, which will show you how much an investment amount (initial investment or regular ongoing investment amount) will be worth at a specified interest rate, over a certain number of years.
You can also see in the results how much is principal, and how much is interest, along with the total cumulative return!