I decided it was time to adapt a useful piece of software that I use and make it available for everyone here to use.

So here it is - The TraderKnowledge Free Compound Interest Calculator.

This Compound Interest Calculator will show you graphically how much extra money you will make by reinvesting your gains and maintaining your principal payments.
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TraderKnowledge.com has featured in the most recent editions of the Carnival Of Personal Finance and the Carnival Of Investing.

You can check out the Carnival Of Personal Finance at A Penny Saved where Growing Your Investments With Compound Interest is featured.

You can also visit the Carnival Of Investing at Lazy Man and Money where What Are Exchange Traded Funds? is featured.

It is worth surfing over to these websites to check out the other submissions. Hat’s off to the guys who put these carnivals together .. I’ve done one before and it’s a lot more work than it looks!

In other news, the Free Compound Interest Calculator has been awarded the “User Choice” award at FreeDownloadManager.com. This is exciting news for me because I have never won an award for any of my software before In fact, I’ve been amazed at how much traffic has arrived at this website from people looking for a Compound Interest Calculator!

After releasing the Free Compound Interest calculator, there have been a lot of visitors here who are searching for compound interest calculators or arriving from the various download sites that are hosting the Free Compound Interest Calculator.

So, I thought that I might expand a little on how we can use Compound Interest to our advantage when wanting to maximize our investments.

First of all, let’s take a look at how the compound interest calculation works.

Let’s say that we buy $1,000 worth of an investment that will pay us a rate of 15% per year.

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