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Compound Interest | WIRE | FIRE | FEES | Switching funds | FOREX | Death Costs

There's an urban legend that Albert Einstein once said compounding [interest] is the most powerful force in the universe. Whether or not he really said it, that line holds a lot of truth. I strongly suggest you pay attention to it.



Complete the following to calculate the compound interest.

Note you can also use it to see how monthly withdrawals affect your investment by entering a negative monthly deposit .



Initial deposit 
Additional monthly deposits 
Investment yield (interest rate)  % per year
Number of years 
Incorporate inflation at   % per year
 
YearAnnual depositsTotal depositsAnnual interestTotal interestBalanceBalance in today's money
1 R0,00 R100 000,00 R19 500,00 R19 500,00 R119 500,00 R119 500,00
2 R0,00 R100 000,00 R23 302,50 R42 802,50 R142 802,50 R142 802,50
3 R0,00 R100 000,00 R27 846,49 R70 648,99 R170 648,99 R170 648,99
4 R0,00 R100 000,00 R33 276,55 R103 925,54 R203 925,54 R203 925,54
5 R0,00 R100 000,00 R39 765,48 R143 691,02 R243 691,02 R243 691,02
6 R0,00 R100 000,00 R47 519,75 R191 210,77 R291 210,77 R291 210,77
7 R0,00 R100 000,00 R56 786,10 R247 996,87 R347 996,87 R347 996,87
8 R0,00 R100 000,00 R67 859,39 R315 856,26 R415 856,26 R415 856,26
9 R0,00 R100 000,00 R81 091,97 R396 948,23 R496 948,23 R496 948,23
10 R0,00 R100 000,00 R96 904,90 R493 853,13 R593 853,13 R593 853,13
 
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