Compound Interest Rate Simulator

Overview

The Compound Interest Rate Simulator is a simple and user-friendly Angular application designed to help users calculate the future value of their investments based on the principles of compound interest. Whether you're planning your savings, investments, or retirement fund, this app provides an easy way to estimate how much your money can grow over time with compound interest.

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Features

  • Easy Input: Enter the principal amount, interest rate, compounding frequency, and the investment period.
  • Customizable Parameters: Adjust the compounding frequency (annually, monthly, daily) to see how different compounding periods affect your investment growth.
  • Instant Results: Calculate and display the future value of the investment instantly.
  • User-Friendly Interface: Clean and intuitive design that makes it easy for anyone to use, regardless of financial expertise.

How to Use

  1. Enter Principal Amount: Input the initial amount of money you plan to invest.
  2. Set Interest Rate: Enter the annual interest rate (as a percentage) that your investment will earn.
  3. Choose Compounding Frequency: Select how often the interest is compounded (e.g., annually, semi-annually, quarterly, monthly, daily).
  4. Specify Investment Period: Enter the number of years you plan to keep the money invested.
  5. Calculate: Click the 'Calculate' button to see the future value of your investment.
  6. View Results: The app will display the calculated future value along with a breakdown of interest earned over the period. If applicable, view a graph showing the investment growth over time.

Installation

  1. Clone the Repository:
    git clone https://github.com/fernacas-dev/compound-interest-simulator.git
    cd compound-interest-calculator
    npm install
    ng serve
    

Contributing

Contributions are welcome! If you have any ideas, suggestions, or bug reports, please create an issue or submit a pull request.

License

This project is licensed under the MIT License - see the LICENSE file for details.