Compounder 4+
Interest Calculator
James Bevins
Designed for iPad
-
- Free
Screenshots
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.
What’s New
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.
Ratings and Reviews
Works.
Crunches the numbers you input. Easy to use and doesn’t lag like some others I’ve used in the past. The only improvement that I can think of would be the ability to include an inflation adjustment to contribution amount and a gross vs. real (inflation-adjusted) output.
Very nice interface.
I’ve been looking for an app rather than a website. :) beautiful interface. Easy to use. Wish I could donate 5.00 to the developer. I know it’s not a lot but it’s just a way of saying thank you.
This app is the best one out.
So easy to use. I invest in stocks and i used to use a free investment calculator online. I had to go to the site and still punch in the numbers. This is so much easier to use. I love everything about it. Right to the point.
App Privacy
The developer, James Bevins, has not provided details about its privacy practices and handling of data to Apple. For more information, see the developer’s privacy policy.
No Details Provided
The developer will be required to provide privacy details when they submit their next app update.
Information
- Seller
- James Bevins
- Size
- 24.5 MB
- Category
- Finance
- Compatibility
-
- iPhone
- Requires iOS 10.0 or later.
- iPad
- Requires iPadOS 10.0 or later.
- iPod touch
- Requires iOS 10.0 or later.
- Mac
- Requires macOS 11.0 or later and a Mac with Apple M1 chip or later.
- Apple Vision
- Requires visionOS 1.0 or later.
- Languages
-
English
- Age Rating
- 4+
- Copyright
- © James Bevins
- Price
- Free