How to calculate compound interest

Compound interest is calculated on the initial value plus accumulated interest. Utilo's calculator allows you to project investment growth and loan costs.

How to use the calculator

1. Access the Compound Interest Calculator tool.
2. Enter the initial value.
3. Enter the annual interest rate.
4. Select the period in months.
5. Optionally, add monthly contributions.
6. Click Calculate.

The tool shows a table with month-by-month growth and the projected final value.