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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 R21 573,12 R21 573,12 R3 257,08 R3 257,08 R24 830,20 R23 424,72
2 R22 867,51 R44 440,63 R10 650,35 R13 907,43 R58 348,06 R51 929,57
3 R24 239,56 R68 680,18 R20 577,50 R34 484,93 R103 165,12 R86 619,42
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