Question 1

What is compound interest?

Accepted Answer

Compound interest means interest is added to the principal, so future interest is earned on a higher balance.

Question 2

How does compounding frequency affect growth?

Accepted Answer

More frequent compounding increases the final amount slightly over time.

Question 3

Does this include contributions?

Accepted Answer

No. This calculator focuses on a single starting principal without ongoing contributions.

Compound Interest Calculator