Compound Interest Calculator

Compound interest is the concept of adding accumulated interest back to the principal, so that interest is earned on interest from that moment on. The act of declaring interest to be principal is called compounding (i.e. interest is compounded). A loan, for example, may have its interest compounded every month: in this case, a loan with $1000 principal and 1% interest per month would have a balance of $1010 at the end of the first month.

This free compound interest calculator will calculate just the compound effect of any principle and interest combination you enter. To show you the true effect compound interest has on a principle, it calculates interest charge daily, weekly, monthly and yearly. No repayments or fees are included; you should factor these in when planning your repayments..

		Purchase % p.a.	Annual Fee	Interest Free	Balance Transfer
	St.George Vertigo MasterCard 0.99% p.a. balance transfer rate for up to 6 months!	13.24% p.a.	$55.00	up to 55 days	0.99% p.a. for 6 mths
	Low Rate MasterCard 0% p.a. on purchases for the first 3 months (Offer ends 22.03.2012)	13.39% p.a.	$58.00	up to 55 days	-
	ANZ First Visa 0% p.a. for the first 3 months (Offer ends 22.03.2012)	19.39% p.a.	$30.00	up to 44 days	-
	ANZ Frequent Flyer Platinum Receive 20,000 Bonus Qantas Frequent Flyer points	19.89% p.a.	$295.00	up to 55 days	-