For instance, interest can be calculated on a regular or compound basis, and compounded annually, quarterly, monthly, weekly, bi-weekly, daily, hourly or even by the minute. Moreover, our Calculator allows the interest rate to fluctuate throughout the capitalization period. Unlike most calculators on the Internet, DeLiberation Financial Calculator is not a client-executed application, meaning that since the program does not have to be downloaded into the user's computer, there is a faster loadtime and less danger of security breaches. Moreover, its use is not limited by the user's hardware, operating system or browser. A. Simple interest is calculated just on the initial amount.
Compound interest is calculated on the initial amount plus the interest earned at a given interval.
A. Fixed interest remains constant throughout the investment or borrowing period. Floating interest occurs when the rate fluctuates. No, there is no inital deposit considered. The initial amount will be exactly the amount entered in the principal field. All contributions are assumed to have been made at the end of each contribution period.