First lets find out: what is the interest rate? An interest rate is the rate at which interest is paid by a borrower for the use of money that they borrow from a lender (e.g. bank). For example, a small company borrows capital from a bank to buy new assets for their business, and in return the lender receives interest at a predetermined interest rate for deferring the use of funds and instead lending it to the borrower. Interest rates are normally expressed as a percentage rate over the period of one year. Interest rates targets are also a vital tool of monetary policy and are taken into account when dealing with variables like investment, inflation, and unemployment. Allow me to share few tools to calculate interest rate and your savings.
Compound Interest Calculator: Give current principal, annual addition, years to grow, interest rate and find future value.
Simple Interest Calculator: Simple interest is money you can earn by initially investing some money (the principal). A percentage (the interest) of the principal is added to the principal, making your initial investment grow!
Compound Interest: Use this online calculator if you are borrowing money or you are lending money. This calculator enables you to determine how much interest will be paid or accumulated.
Interest Calculator: This is a fixed-rate compound interest calculator for the interest and the final balance if you save a fixed amount and/or save periodically, with tax and inflation considered. For periodically saving, you can choose to save at the beginning or at the end of each period. You can choose the type of compound interest, if needed.
Calculator.net is a must visit website for all sorts of financial calculators. The site has got finance calculator, mortgage calculator, loan calculator, auto loan calculator, Interest calculator, real estate calculator, take-home-pay calculator, payment calculator, retirement calculator, amortization calculator, investment calculator, currency calculator, house Affordability calculator, compound Interest calculator, inflation calculator, lease calculator and more.
Compound Interest Calculator: Quickly calculate your savings.
Savings calculator: The savings calculator allows you to simply calculate how much interest you could earn on savings. You can choose a one-off investment, regular monthly savings amounts or a combination of both. This calculator is a ‘compound interest calculator’, meaning it accounts for interest earned on interest if you do not take money out. This is the way all savings accounts work.
Also see Loan calculator