Compound interest earns interest on interest. Enter a starting amount, rate, compounding frequency, and time to see the future value and total interest.
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Fill in the fields to see the result. The math runs instantly in your browser; nothing you type is saved or sent.
A general-purpose math tool. It runs standard math on the numbers you enter, including a rate you choose yourself. Nothing is pre-filled. It is not an offer, quote, rate, approval, or estimate of any Desert Rock Capital loan. A general math tool. This models savings-style growth; Desert Rock Capital does not offer savings or deposit accounts.
The calculator above is a general math tool and is separate from any Desert Rock Capital loan. Desert Rock Capital lends $100 to $3,000 in Utah with no credit check and fixed biweekly payments; the amount offered, if approved, is shown to you up front, and every payment is in writing before you sign.
A = P x (1 + r/n)^(n x t)
Each period the balance earns interest, and that interest is added to the balance so it earns interest too. Over time this compounding curve grows faster than simple interest on the same rate.
Desert Rock Capital is a licensed Utah consumer lender. Our product is a personal installment loan of $100 to $3,000, with no credit check, no collateral, and fixed biweekly payments, for Utah residents. This is a general compound-interest math tool and does not represent a Desert Rock Capital product; we do not offer savings or deposit accounts. It is educational only. Other lenders and products calculate costs differently, and your actual terms depend on your own agreement. We use the standard formula cited below so the math is transparent and not our invention.
Source: Investopedia: compound interest
No. This is a general financial-education tool. Desert Rock Capital is a lender and does not offer savings or deposit accounts.
We will walk the real schedule with you, in writing, before you sign anything. Booking a time is not a loan decision. No credit check, and a clear decision usually in about 30 minutes.
Which branch, and who's coming in?
Pick the location that works for you. Booking a time is not a loan decision.
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The math is free. So is a straightforward decision.
Apply online or visit a branch in Salt Lake City, Orem, or St. George. No credit check, not based on your credit score, and you get a clear decision in about 30 minutes.
