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Apparently you are looking for a compound interest calculator. When you are faced with decisions about your savings and what you should do with it, things can get confusing quickly. That is why you need to know what you are doing with your money. A common confusing area is between simple and compound interest. This can all be cleared up with a compound interest calculator. You can see how much money will add up quickly with the compound interest than with simple interest.
Most likely if you took college algebra you have already discovered this and then forgot it after a full days worth of classes got crammed into your brain. The more times your money is compounded the more interest it will make which means more money for you. An easy way to do this is to play with a compound calculator which you can find free almost anywhere, and see how much money you could be making. This works in the opposite to because when you get a loan you want to know whether the interest is going to be compound or not. Just as it can make you a lot of money it can make the bank just as much, and cost you just as much. This compound interest calculator is just what you are looking for.
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