Definition & Purpose: An investment calculator helps estimate the future value of your investment based on principal amount, interest rate, time duration, and compounding frequency. Whether you're planning retirement, saving for education, or building wealth, this tool simplifies complex financial projections.
How to Use: Enter your initial investment, expected annual interest rate, choose between simple or compound interest, select time duration and frequency (if compound), and the calculator will show your expected return. Adjust the inputs to compare scenarios.
Example: If you invest $10,000 at an annual compound interest rate of 6% for 10 years, your final amount would be approximately $17,908. This tool helps you forecast such returns easily for various durations and interest types.
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