Compound interest calculator that lets you input principal amount, interest rate, time period, compounding interval, and currency to calculate future value and total interest earned. It provides a chart and table for annual interest progression.
Features
Compound Interest Calculator
Calculate the future value and total interest earned based on principal amount, interest rate, time, and compounding frequency.
Graphical Interest Progression
Displays a graph showing the annual progression of interest earned and total balance over time.
Annual Interest Breakdown
Provides a detailed table with yearly interest earned, total interest, and ending balance.
Currency Selection
Allows users to select their preferred currency for calculations.
Simple Interest Calculator
A tool to calculate the future value, total interest earned, and simple interest progression based on principal amount, interest rate, time period, and currency. It provides a visual chart and a detailed table for interest progression.
Interest Progression Chart
Visual representation of how the interest and principal amount accumulate over time. It provides a clear, graphical look at the interest earned each year and total interest over the period.
Simple Interest Guide
Detailed explanation of simple interest, including what it is, how it works, and its practical applications. This feature provides educational content to help users understand the concept of simple interest.
EMI Calculation
The page provides a tool that calculates the Equated Monthly Installment (EMI) based on the principal loan amount, annual interest rate, and loan tenure. It illustrates how much will be paid monthly and how much goes towards interest and principal.
Loan Amortization Schedule
Displays a detailed breakdown of each month's payment, showing the EMI amount, as well as the portions that go towards principal and interest. It also shows the remaining balance after each payment.
Financial Tips
Offers guidance on how to optimize loan repayments by choosing a loan tenure that balances monthly payments and total interest, comparing offers, and maintaining a good credit score to qualify for lower interest rates.
Interest Rate Calculator
Allows users to calculate the interest rate based on initial principal, final amount, time, and compounding frequency. It provides a visual graph of balance progression over time.
Balance Progression Chart
Displays a graphical representation of how the balance increases with time, and provides a table with yearly balance.
Educational Content on Interest Rates
Provides information and explanations about what interest rates are, types, factors affecting them, and their economic impacts.
Car Loan Calculator
Allows users to calculate their monthly car loan payments by entering the car price, down payment, annual interest rate, and loan term. Displays the total interest paid and total loan amount.
Amortization Schedule
Generates a detailed monthly breakdown of payments, including principal, interest, and remaining balance. Visualizes payment data to help users understand the progression of their loan.