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Compound Interest Calculator

This document provides the results of two compound interest calculations. The first calculates that an initial $4,000 investment earning 7% annual interest and compounded 52 times per year over 15 years would grow to $11,422.54. The second calculates that a $2,000 investment earning 7% annual interest compounded monthly over 15 years with additional $250 contributions at the beginning of each period would grow to $85,400.70.

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41 views

Compound Interest Calculator

This document provides the results of two compound interest calculations. The first calculates that an initial $4,000 investment earning 7% annual interest and compounded 52 times per year over 15 years would grow to $11,422.54. The second calculates that a $2,000 investment earning 7% annual interest compounded monthly over 15 years with additional $250 contributions at the beginning of each period would grow to $85,400.70.

Uploaded by

Donyitpro
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Compound Interest Calculator

Initial Investment $4,000


Annual interest rate 7%
No. of compounding periods per year 52
Years 15

Balance $11,422.54
Compound Interest Calculator

Initial Investment $2,000


Annual interest rate 7%
Compounding periods per year 12
Years 15

Additional contributions $250

Additional contributions type:


0 - at the end of the period
1 - at the beginning 1

Balance $85,400.70

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