Compound interest calculator

Enter your values. The answer and the full worked solution update as you type.

Result

Future value€7 454.16

Interest earned€2 454.16

Effective annual rate4.074 %

Step-by-step solution

Rate and periods

i = 4%/12 = 0.003333

N = 10·12 = 120

Future value

FV = PV·(1 + i)^N = 5000·1.491 = €7 454.16

Key formulas

Future value: FV = PV·(1 + i)ⁿ
Present value: PV = FV/(1 + i)ⁿ
Several periods per year: i = r/m, N = m·n

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