Compound Interest & Loans
Common financial functions
Compound Interest
By default the compound interest function assumes a yearly compounding interval. You can also specify a monthly compounding interval:
Present Value of Future Money
Mortgage/Loan Repayments (Principal + Interest)
Mortgage/Loan Repayments (Interest Only)
For an amortizing loan, the monthly interest decreases over time as you pay off the loan's principal. Typically an amortization table is used for details about what you'll pay in a given month. The monthly interest function in Soulver indicates the average monthly interest paid over the lifetime of the loan.
Return on Investment (ROI)
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