While this calculator is quite precise, investing terms can change over time & this calculator does not account for the impacts of taxes and inflation, thus the results should only be considered as rough estimates. Varying deposit & compounding intervals can make calculations quite complex, so if you plan on investing at different rates over different periods of time, it is recommended you run your first calculation at the initial rate and then save the output of that calculation to use as the input for the second investment period. To calculate your forecasted earnings on an investment, enter your initial investment, the amount you plan to add periodically, the anticipated interest rate, the compounding interval, and how long you anticipate holding the investment.
Which is better - an investment offering a 5% return compounded daily or a 6% return compounded annually? The following calculator allows you to quickly determine the answer to these sorts of questions.