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Interest Calculator  
Where Used:
1. If the Bankers / Investment Firm get you all confused about what Interest you will earn and Jargons such as Simple, Compounding Monthly, Compounding Quaterly .etc., It is worth while figuring it out yourself. Instead of being "Taken for a Ride".
or
2. Try to identigy how much interest you will be paying on your loan when compounded Monthly or Quaterly. Most Credit Card Company use a Contineous Compound method, where interest is calculated on a Monthly and sometimes on a daily basis.
 
Formula Used: P ( 1 + r/n)n.t
Where P = principal amount (initial investment), r=annual nominal interest rate (as a decimal), n = number of times the interest is compounded per year, t = number of years
 
Enter How Much Money You are Investing  
Enter Interest Rate.  
Enter Number of Months.  
You Balance at the end of the term when Computed Monthly  
You Balance at the end of the term when Computed Quaterly  
Difference In Interest Earned when Computed Monthly Versus Quaterly  
   

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