Q:
# What Are Some Simple Options for Calculating 401(k) Interest?

A simple tool for calculating compound interest, including 401(k), is available at the website of the U.S. Securities and Exchange Commission. The tool works by calculating interest based on five values: current principal, monthly addition, years to grow, interest rate and the compound frequency per year.

Continue ReadingClicking Calculate returns the result of the calculation. The user can clear the table by clicking the Reset button. The SEC also offers more detailed explanations for each of the five values. Users can reveal these explanations by hovering their mouse cursors over the question marks to the right of each of the value lines.

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Q:
## How Do You Find Simple Interest?

A: Calculating simple interest requires using the formula I = P*r*t, in which I=interest, P= principal, r=rate and t=time. Knowing the other elements of the f... Full Answer >Filed Under: -
Q:
## What Are Stock Options?

A: Stock options are employee benefits featuring set exercise prices at which employees can purchase shares of company stock within specified time frames, acc... Full Answer >Filed Under: -
Q:
## What Is the Difference Between Compound and Simple Interest?

A: The difference between simple interest and compound interest is that simple interest builds only on the principal amount, while compound interest builds on... Full Answer >Filed Under: -
Q:
## What Is a Good Resource for Calculating Historical Exchange Rates?

A: Oanda.com provides a free historical exchange rate calculator at its website. Site visitors can convert the values of currencies, such as the U.S. dollar a... Full Answer >Filed Under: