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Simple Interest Calculator

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Simple Interest Calculator

Compound Interest means that you earn "interest on your interest", while Simple Interest means that you don't - your interest payments stay constant, at a fixed percentage of the original principal.

Use the calculator to make Informed Decisions (i.e. how much in interest you will make when the financial institution pays simple interest versus compound interest).

Inputs
Starting Principal: $
Years:  
Annual Interest Rate:   %
 
Results
Future Value, using...
Simple Interest: $
Annually Compounded Interest: $
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