Compounder 4+

Name: Compounder
Rating: 5 (1 reviews)
Author: James Bevins

James Bevins

Conçu pour iPad

- 5,0 • 1 note

- Gratuit

Description

Compounder, allows you to calculate compounding interest quickly. What exactly is compound interest?
Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.

For example, if you start with $1000 in your savings account and each month you contribute $500 at 11% interest annually. After 40 years, guess how much the account will be worth. The answer, $4.38 Million! You're only putting in $500/month(the average car payment in America) at just 11% interest(Same interest the S&P 500 has averaged over the past 90 years).
You don't have to be some big Wall Street broker to become a millionaire.

15 août 2019

Version 1.5

What's new in software version 1.5?
+ In version 1.3 there was an incorrect calculation that occurred when compounding the initial capital investment with no additional payments. Version 1.5 fixes this issue.
+ Interface Improvement for the iPhone XR and iPhone XS Max.
+ New touch bar that controls the "compound frequency" improves the user experience.

If you are enjoying the software update, please leave a review on the App Store.

5,0 sur 5

1 note

Le développeur James Bevins n’a fourni aucune information à Apple concernant ses pratiques en matière de confidentialité et de traitement des données. Pour en savoir plus, consultez la politique de confidentialité du développeur.