39+ Moneychimp compound interest calculator
See How Finance Works for the present value formula. Present value is compound interest in reverse.
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It is the basis of everything from a personal savings plan to the long term growth of the stock market.
. Compound interest - meaning that the interest you earn each year is added to your principal so that the balance doesnt merely grow it grows at an increasing rate - is one of the most useful concepts in finance. You can also sometimes estimate present value with The Rule of 72. Finding the amount you would need to invest today in order to have a specified balance in the future.
Among other places its used in the theory of stock valuation.
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