Canada’s best rewards credit cards for 2023 + MORE Mar 20th

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Best rewards credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.

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How to use this compound interest calculator

Input the following information into the compound interest calculator:

Initial investment: This is how much you are paying for the investment or putting into the savings account. If you are calculating a loan or debt, this is the amount of money you are borrowing.Additional contributions: Here, add how much more money you will be putting toward the investment or savings. For loans or debts, this counts as additional money you will be borrowing on top of the initial amount.Interest rate: Input the amount of interest you will be earning or charged, expressed as a percentage. Compound frequency: Select how often the interest will be compounded—this is “interest on interest” earned or owed. Your options include: weekly, monthly, quarterly and annually. For example, the interest on some lines of credit is compounded monthly, and many investments have annual compounded interest.Total value of investment: This amount will appear when you input the above into the calculator…