#compoundinterestcalculator

[sejalkumar-blog]

Understand How To Use The Compound interest calculator

The financial market offers a great opportunity to everyone for building their wealth. In fact, these days, even those with no financial market knowledge can invest and earn good returns. Thanks to the internet, people are able to understand the share market and other aspects of the financial market. One of the most popular concepts that has changed people’s mindset about savings is the comparison of simple interest and compound interest. In today’s blog, we’ll compare the two and then deep dive into the compound interest calculator:  

Simple interest is the fixed interest you earn on the principal amount that is invested. On the other hand, compound interest is the interest you earn on the principal as well as the accumulated interest of the past. Simply put, compound interest allows you to earn interest on interest and hence, the returns are much higher.  

The formula for calculating simple interest is: I=P*N*R  

Where I stands for interest, P for principal, N for the duration of the investment and R is the rate of interest.  

The compound interest calculator is A=P(1+r/n)^nt  

A stands for compound interest, P is the principal amount invested, R is the rate of interest, n is the number of times the interest is compounded in one year, and t is the total duration of the investment.  

As you can tell, the compound interest calculator is slightly tough to use. Hence, many people struggle with calculations. However, there are several compound interest calculators that are freely available on the internet. Using them is simpler than you can imagine. Within seconds, you can calculate compound interest.  

How can a compound interest calculator help:  

As we know compound interest is dynamic in nature and hence, an accurate calculation is tough.  

However, using a compound interest calculator, you can understand the percentage of returns you can expect after a certain time frame.  

A compound interest calculator also helps you determine the total investment you need to make to get the desired corpus.  

Moreover, the compound interest calculator enables you to assign value to the investment based on your requirement.  

That’s not all, with a good compound calculator, you can determine yearly returns as well as total returns. All in all, it will help you understand how much interest on the interest you can earn.  

Understand that the rate of interest can be decided by you or the compound interest calculator uses the market rate or the rate decided by the Government of India.  

You must also understand that if the investment scheme is market-linked then there is a certain risk involved. Therefore, you cannot completely rely on a daily compound interest calculator. You must keep reviewing your investments from time to time.  

If you are planning to invest in any mutual fund or investment scheme that involves compound interest, you must use the daily compound interest calculator to get full clarity on the maturity amount. For the best investments that offer maximum returns and thus more compound interest benefits, reach out to the experts now. When it comes to investments or the best compound calculator, there’s only one player in the market – Motilal Oswal.

[entrepreneurshipsecrets]

Annuity Calculator – Keep Risks at Bay

Managing finances and coping with the financial issues is a part of every individual’s life. We like it or not financial planning engulfs the road to retirement in the look of sunshine during the golden years of life. Annuities – the scheme of receiving series of payments, as monthly income for life or a definite period – is one of the most commonly opted retirement security of an individual. Now, calculating the monthly income of the annuitant comes across as a major requirement for the person opting for the scheme. Continue reading: https://www.entrepreneurshipsecret.com/annuity-calculator/ Read the full article

[bizskinny-blog]

#compoundinterestcalculator #compoundinterest

[entrepreneurshipsecrets]

Equity Release Calculator – Work out your Worries

Are you approaching retirement and have your brows wrinkled over the financial security of the future? A ‘yes’, as an answer to this is certain to bring upon you the boon of equity release offered by financial institutions at large. Well, the scheme must have offered a ray of hope in the face of despair, but wouldn’t you like to have a clear understanding of the scheme rather than depending entirely on your loan provider. With the market being crowded with various plans of the scheme, confusing the returns of the plan is a common sign with all. Read more: https://www.entrepreneurshipsecret.com/equity-release-calculator-work-out-your-worries/ Read the full article