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Help with compound interest
Posted by: tuqqer
Date: October 24, 2017 10:00AM
I'm looking for a Mac/iOS/online app or website or Calculator to be able to add up any compound interest I enter. I thought this would be easy, but so far the only options I can find are dealing with annual interest, for things like bank accounts and mortgages, and I'm needing to figure out both daily and weekly interest options.

For example, what is 1,000 increased by 1% daily, with both adding in the resulting compounded interest, as well as removing not adding in the compound interest.

This feels like a stupidly easy thing, but my math skills have dropped over the past century, and I haven't found a solution yet.



Mac Pro 2013 3.7 GHz Quad-Core Intel Xeon E5, 32G RAM High Sierra 10.13.4x Dual 25" Acer 1440p LCDs11" i5 MacBook Air



Edited 1 time(s). Last edit at 10/24/2017 10:00AM by tuqqer.
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Re: Help with compound interest
Posted by: Bixby
Date: October 24, 2017 10:18AM
Maybe I'm missing something, but if you don't add the interest, you're not compounding. You're just getting 1% of 1000 (which is 10) every day.

This will do daily compounding.
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Re: Help with compound interest
Posted by: tuqqer
Date: October 24, 2017 10:23AM
Perfect, that site is exactly what I was looking for.

I didn't describe it quite right. I was looking for a way to remove some of the interest, vs leaving 100% in. Your link allows that, thanks again. Bookmarking this one.



Mac Pro 2013 3.7 GHz Quad-Core Intel Xeon E5, 32G RAM High Sierra 10.13.4x Dual 25" Acer 1440p LCDs11" i5 MacBook Air
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