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Compound Interest Calculator

Compound Interest Calculator
  • #: 130608
  • Price: $0.99 In Apple Store
  • Category: Finance
  • Updated: 2009-03-26
  • Current Version: 1.1
  • 1.1
  • Size: 0.40 MB
  • Language: English
  • Seller: Dave Thompson
  • Requirements: Compatible with iPhone, iPod touch, and iPad. Requires iOS 2.0 or later
  • © 2008 Hopping Toad Software
  •  Add to Favorite apps

 

Description

This compound interest calculator can help you determine how much your current saving plan will be worth at any year in the future. Use this tool for retirement planning, kids college savings, or other savings account.

This tool will allow you to manipulate interest rate, starting principle, contribution amount, taxes, and the frequency at which they contribute to see if you're on target. Total value is updated instantaneously, so you can see what effect slight changes make in reaching your goal and make adjustments accordingly. Frequency for interest calculation, tax witholdings, and contributions can be set to annually, bi-annually, quarterly, monthly, bi-monthly, weekly, or daily.

Works with *all* world currencies. Accomodates for leap year.

What's New in Version 1.1

Version 1.1 allows the ability to add an annual inflation rate and apply it to the computed compound interest value to get a feel for future spending power relative to today's money.

iPhone Screenshots

Compound Interest Calculator iPhone Screenshot 1
Compound Interest Calculator iPhone Screenshot 2

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Rated 0/5 based on 1 customer reviews.

 

0/5 stars

Need improvements

:
Financial web sites offer similar tools for free.

To be worth a dollar, this app should save data, allow weekly, monthly, and quarterly savings contributions.

Raise the price when the ability is added to turn projections into actuals. Graphing & slide bars would be nice.

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The information may be outdated (2011-04-14 19:25:40). For actual information go to iTunes

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