What is Compound Interest? Interest added to the principal money so that you can also gain interest on the principal and added amount. You may use this concept to stay on top of your saving or retirement plans. It is never too late to start earning some real money!
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 you think you will you 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 rich you can become if you start right now.
- Calculate future value of your investment using compound interest formula
- Multiple options for contribution frequency (monthly, quarterly, semiannually, annually)
- Display table view right under result
- Formulas included in case you forgot
iPhone X Bugs Fixed
Ratings and Reviews
Very easy to use
This is a really good interest calculator. If the developer would allow months and not just years for investment length (or accept decimal year values such as 1.25, 1.5 and 1.75 years, etc.), it would be very tough to beat this free app. Thanks for your hard work.
Exactly what I wanted
This did the job I needed. Wanted to calculate compounded interest. Better than a paid app that was supposed to do the same.
A good simple app
For what I wanted it was perfect. For complex calculations you may need to find a different app but this one is alright by me.
With Family Sharing set up, up to six family members can use this app.