advertisement
Forums

The Forum is sponsored by 
 

AAPL stock: Click Here

You are currently viewing the Tips and Deals forum
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.



M1 2020 Mac mini (16G 2T) Sonoma 14.x Dual 27" Dell S2722QC monitors M2 2022 13" MBAir (512G 16G)



Edited 1 time(s). Last edit at 10/24/2017 10:00AM by tuqqer.
Options:  Reply • Quote
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.
Options:  Reply • Quote
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.



M1 2020 Mac mini (16G 2T) Sonoma 14.x Dual 27" Dell S2722QC monitors M2 2022 13" MBAir (512G 16G)
Options:  Reply • Quote
Sorry, only registered users may post in this forum.

Click here to login

Online Users

Guests: 251
Record Number of Users: 186 on February 20, 2020
Record Number of Guests: 5122 on October 03, 2020