How Compound Interest Works Use this calculator to better see the potential impact of compound interest on an asset. You are viewing this website at a small screen resolution which doesn't support calculators. Click here to view this calculator. Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content The Five Basics of Financial Literacy How literate are you when it comes to your finances? Brush up with these five basics. When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases. Tax Deductions You Won't Believe Here are some examples of deductions from the IRS that were permitted and some that were, uh, too creative.