Calculate Compound Interest,
Compounding Interest Calculator
Use our free calculators to calculate compound interest. Understanding interest is critical to help you make the best of your situation. Interest Rules
It is the rule of our financial and economic life in all the world that interest is to be paid on borrowed money. May I say something about interest? Interest never sleeps nor sickens nor dies; it never goes to the hospital; it works on Sundays and holidays; it never takes a vacation; it never visits nor travels; it takes no pleasure; it is never laid off work nor discharged from employment; it never works on reduced hours.
Once in debt, interest is your companion every minute of the day and night; you cannot shun it or slip away from it; you cannot dismiss it; it yields neither to entreaties, demands, or orders; and whenever you get in its way or cross its course or fail to meet its demands, it crushes you. -J. Reuben Clark, Jr. For Better or WorseDebt demonstrates that crushing effect of interest. In many instances, the total sum of interest over the life a loan ends up being more than the original loan amount. 
Of course, just as interest can work against you to hinder your progress or even destroy you, it can also work to your benefit. Such is the case with a savings or investment account. Wouldn't it be nice to always be on the receiving side of interest instead of the giving side? These interest calculations show the effect of interest being compounded.
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