Compound Interest Calculator

A simple yet powerful web-based compound interest calculator that helps you understand the growth of your investments over time. This calculator takes into account both initial principal and monthly investments, providing a detailed year-by-year breakdown of your investment growth.

Features

• Calculate compound interest with monthly contributions
• 30-year investment projection
• Monthly compounding frequency
• Detailed breakdown including:
  • Principal amount
  • Interest earned
  • Total balance
• User-friendly interface
• Responsive design
• Real-time calculations

How to Use

1. Enter your initial investment amount in the "Initial Principal" field
2. Input your planned monthly contribution
3. Set your expected annual interest rate (as a percentage)
4. Click "Calculate Returns" to see your investment growth projection

Technical Details

The calculator is built using:

• HTML5
• CSS3
• Vanilla JavaScript
• Responsive design principles

Calculations

The calculator uses the following approach:

• Compounds interest monthly
• Adds monthly investments after applying interest
• Shows yearly summaries of:
  • Total principal invested (initial + monthly contributions)
  • Interest earned during the year
  • Total balance at year end

Example

If you start with:

• Initial Principal: $1,000
• Monthly Investment: $100
• Annual Interest Rate: 7%

The calculator will show you:

• Year-by-year growth
• Total principal invested
• Interest earned each year
• Running balance

Usage Notes

• All monetary inputs should be in dollars ($)
• Interest rate should be entered as a percentage (e.g., 7 for 7%)
• Results are displayed for a 30-year period
• Calculations assume monthly compounding

Implementation Details

The calculator performs real-time calculations using JavaScript and updates the display immediately. Results are formatted in a clear, tabular format for easy reading and analysis.