Compound Interest

20 Compound Interest - Your Credit Union

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What is the value of compound interest?

Compound interest can have a dramatic effect on the growth of an investment. Use this compound interest calculator to illustrate the impact of compound interest on the future value of an asset.

Single
Income	Federal Tax Rate
$0-$10,275	10%
$10,276-$41,775	12%
$41,776-$89,075	22%
$89,076-$170,050	24%
$170,051-$215,950	32%
$215,951-$569,900	35%
$539,901+	37%

Head of Household
Income	Federal Tax Rate
$0-$14,650	10%
$14,651-$55,900	12%
$55,901-$89,050	22%
$89,051-$170,050	24%
$180,051-$215,950	32%
$215,951-$539,900	35%
$539,901+	37%

Married, Filing Jointly
Income	Federal Tax Rate
$0-$20,550	10%
$20,551-$83,550	12%
$83,551-$178,150	22%
$178,151-$340,100	24%
$340,100-$431,900	32%
$431,901-$647,850	35%
$647,851+	37%

Married, Filing Separately
Income	Federal Tax Rate
$0-$10,275	10%
$10,276-$41,775	12%
$41,776-$89,075	22%
$89,076-$170,050	24%
$170,051-$245,950	32%
$215,951-$323,925	35%
$323,926+	37%

Type	Residence	Tuition & Fees	With Room & Board
Public 4yr	Residence: In-state	Tuition & Fees: $10,740	With Room & Board: $22,690
Public 4yr	Residence: Out-of-State	Tuition & Fees: $27,560	With Room & Board: $39,510
Public 2yr	Residence: In-State	Tuition & Fees: $3,800	With Room & Board: $13,130
Private 4yr	Residence: N/A	Tuition & Fees: $38,700	With Room & Board: $51,690

Inflation		2.9%
U.S. Treasury Bills		3.3%
Long-Term Government Bonds		5.7%
U.S. Large-Company Stocks		10.3%
U.S. Small-Company Stocks		11.8%

Year	Inflation Rate
2012		2.1%
2013		1.5%
2014		1.6%
2015		0.1%
2016		1.3%
2017		2.1%
2018		2.4%
2019		1.8%
2020		1.2%
2021		4.7%

Source: U.S. Department of Labor

What is the value of compound interest?

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