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Grade 6-8, 9-12

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Calculator

Compound Interest Calculator

Updated: March 13 2023,

Author: Council for Economic Education

Teacher Version

Standards Summary

Standards

State Standards

Concepts

Interest, Investing, Savers

Compound Interest Calculator

This compound interest calculator is a tool that you can use to demonstrate how compounding can affect your monthly savings over a set period of time. You can run this calculator by setting the age, annual interest, and entering "Initial Investment" and/or "Monthly Savings." Click on the "i" icon for an explanation of each criteria.

ⓘ Age (1-63)

ⓘ Annual Interest (1%-25%)

ⓘ Initial Investment ($0-$999,999)

ⓘ Monthly Savings ($0-$999)

Total Earnings:

$0

Principal:

$0

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