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Tools 12 min read

Compound Interest Calculator

Compound interest is the most powerful force in investing.

Step 1: The Compound Interest Formula Explained

A = P(1 + r/n)^(nt).

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P is your principal (starting amount).

Step 2: The Rule of 72

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At 7% returns, your money doubles every 10. 3 years. At 10%, every 7.

Step 3: Monthly Contributions Change Everything

Step 4: Run Your Own Scenarios

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Run these three scenarios with your real numbers.
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