This Compound Interest, Savings and Loan Calculator helps you estimate:

– What money you’ll have if you save a regular amount

– How compounding increases your savings

– The difference if you save extra instalments

– How much your loan repayments will be

– How you might be able to repay your loan sooner

Disclaimer:

This calculator and simulation is not a prediction. Results are only estimates, the actual amounts may be higher or lower. It cannot predict things that will affect your decision such as movements in interest rates. This calculator is not intended to be your sole source of information when making a financial decision. You should consider whether you should get advice from a licensed financial adviser. The results of this calculator are shown in future dollars. No adjustments have been made for inflation. If you’re interested in doing your own compound interest calculation, use the formula A = P x (1 + r)n

Formula explanation:

‘A’ is the end amount of your investment

‘P’ is the principal, i.e. the starting amount

‘r’ is the interest rate as a decimal point (e.g. 2% is 0.02)

‘n’ is the number of time periods

Assumptions:

– Initial deposit is made today

– Regular deposits are made at the end of year, month, fortnight, week, etc