This Compound Interest calculator is only an educational tool to verify and visualize how compound interest calculations work. A compound interest savings calculator is a financial tool that calculates the future value of an investment, taking into account compound interest. It requires inputs such as the initial investment amount, interest rate, and investment term.
The calculator generates a report showing the total amount saved and the interest earned, and some may also provide a graph to show investment growth over time. This tool will help you to make informed financial decisions and understand the impact of compound interest on your investments.