Reviewed by: David Chen, CFA
David Chen is a Certified Financial Analyst with over 10 years of experience in financial planning and analysis.
David Chen is a Certified Financial Analyst with over 10 years of experience in financial planning and analysis.
Enter the necessary values to calculate your compound interest loan. This tool helps you determine the missing variable for your compound interest loan.
Compound Interest Loan Calculator
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Compound Interest Formula
F = P (1 + r/n)^(nt)
Formula Source: Investopedia
- F: Future Value
- P: Principal
- r: Interest Rate
- t: Time (in years)
Related Calculators
What is Compound Interest?
Compound interest is the interest on a loan or deposit that is calculated based on both the initial principal and the accumulated interest from previous periods.
How to Calculate Compound Interest Loan (Example)
- Step 1: Input your principal, interest rate, and time period.
- Step 2: Input the future value (if known) or leave it blank.
- Step 3: Click “Calculate” to get the missing value.
Frequently Asked Questions (FAQ)
What is compound interest? Compound interest is calculated on both the initial principal and the accumulated interest of previous periods.
Can I calculate compound interest with monthly contributions? Yes, the formula can be modified to include monthly contributions.
How often is compound interest applied? It can be applied annually, quarterly, monthly, or daily.