MAGIC OF COMPOUNDING
[fcretireageplugin sc_custom_style=”No” sc_add_link=”No” sc_brand_name=”Friendly Financial Planners” sc_hide_resize=”Yes” sc_current_age=”30″ sc_current_savings=”5000″ sc_invest_amt=”3000.0″ sc_rate=”12″ sc_goal_amt=”10000000.0″]
Use this calculator to calculate the compounding return over a particular period of time (with interactive charts).
If you use this calculator you can understand the Power of Compounding.
Suppose that if you want 10 lakh and current age is 30 years and you want to invest Rs 3000/ month.
Then in how much time you will get Rs 10 lakh
Monthly Investment = Rs 3000
Rate of Interest = 12%
Your Current Age = 30 years
If you calculate it you will get the following results
You will get Rs 10 lakh at the age of 42 years or after 12 years
Here you only have to invest = Rs 4, 44,000
And remaining = 5, 64,000 came as an interest
Here you can see the power of Compounding.