Compound interest calculator
This is even called future value calculation.
The compound interest calculator shows you how much the money invested will be worth at the end of the term if you also repay the interest.
The calculator calculates capitalization after the balance sheet date at a fixed interest rate.
Example: The current value of the investment is HUF 1,000,000, interest is 10%, then at the end of the first year you will have HUF 1,100,000, at the end of the second year (since you have already committed this new HUF 1,100,000) HUF 1,210,000 will be yours.
I use this formula:
Future value = Present value*(1+interest for the period/100)number of periods
Future value calculator
If you get interest on your money several times a year, you can calculate it with the calculator by dividing the interest by the number of times you get interest in a year and multiplying the number of periods by the same.