Compound Interest Calculator F 4+

Name: Compound Interest Calculator F
Rating: 4.5 (10 reviews)
Author: An Do

An Do

Conçue pour iPad

- 4,5 • 10 notes

- Gratuit

Description

Compound Interest Calculator (aka FIRE Calculator) is a tool to help you calculate and plan out your investment so that you may achieve Financial Independence and Retire Early. It is never too late to start snowballing your money.

But what is Compound Interest? Compound interest is the interest you earn on interest. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest.

For example, if you put $50 in your savings account every month, and this savings yields 10% annually. After 30 years, you will have invested $18,000. How much money do you think you will get? $30,000? $50,000? Nope! You will end up with a huge sum of $113,024 (more than 6 times the amount you had put down).

Our application allows you to calculate and plan out both long term and short term savings. Just imagine how wealthy you can be if you start right now.

Features included:
- Calculate future value of your investment using compound interest formula
- Multiple options for contribution frequency (monthly, quarterly, semiannually, annually)
- Display graph and table view right under result
- Formulas included in case you forgot
- Save results and share with friends
- Dark Mode / Light Mode

18 avr. 2021

Version 3.1.3

minor bug fixes

4,5 sur 5

10 notes

Withdrawal Feature

In addition to the withdrawal feature and the user being able to enter a withdrawal amount, would like to see the app have the option to allow user to enter the number of years they would like to draw on the savings and have the app figure out how much that equals per month. Aside for this missing feature, app is great!!

App works great

Please allow for ad removal. I would pay a one time fee to remove annoying banner ads.

Le développeur An Do a indiqué que les pratiques de l’app en matière de confidentialité peuvent comprendre le traitement des données comme décrit ci‑dessous. Pour en savoir plus, consultez la politique de confidentialité du développeur.