Principal, rate, time and compounding frequency
What formula does this use?
The standard compound interest formula: A = P × (1 + r/n)^(n×t), where P is principal, r the annual rate, n the compounding frequency per year and t the number of years.
This calculates growth from a single lump sum with no further contributions, compounded at the frequency you choose. It does not account for taxes, fees or inflation.