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Financial Articles
World Bank chief warns of financial crisis World Bank chief Robert Zoellick on Saturday warned of a "new and more dangerous" time in the global economy...
US Recession Risks Rises The threat of a new recession is rising in the United States, economists say, as they slash their ..
Unsafe US debt remains safe haven US Treasury bonds remain a hot ticket for investors looking for a low risk investment in a volatile market despite the unprecedented ...
US borrowing tops 100% of GDP US DEBT shot up US$238 billion (S$287.2 billion) to reach 100 per cent of gross domestic project after the government's debt ceiling was lifted
Consumers consumed by debt The average consumer may feel far removed from the heated debates concerning the $14.3 trillion debt ceiling. But the truth is...
Financial Crisis II. Get out of debt now There is increasing talk among traders and financial analysts that the latest slump in global share markets
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interest calculator
Scriptural Financial Freedom Obtaining God's Blessing





Interest Calculator

Calculate your Credit card or loan interest as well as your compounding interest


Tthere is a phenomenon in money management that makes it seem as though money is growing on trees. This phenomenon take patience. But it pays off in the long-term.

It's called the "magic of compounding". Compounding can work for or against you. Take for example a credit card loan. Use the Loans Calculator below. Try $20,000 with your typical bank interest (between 20-25%), and see how long and how much it takes to pay up your loan:


Enter your loan balance: $
Enter the bank's interest rate: %
Enter payment amount per month: $
Enter desired months until debt free:




Shocking isn't it? Then use the below Compound Interest Calculator and try with a $20,000 deposit at an interest rate of 6% for 12 years. Your principal amount will double! It's called the rule of 72.


Principal Amount: $
Interest Rate: %
Total Amount: $
Interest earned: $



Today's Bottom Line

Compounding is a financial tool that helps us manage resources responsibly as stewards.






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