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Illuminating Compound Interest Calculator

What is Compound Interest

What is Compound Interest

Illuminating Compound Interest Calculator

by DRInnovations
Illuminating Compound Interest Calculator
Illuminating Compound Interest Calculator
Illuminating Compound Interest Calculator

What is it about?

What is Compound Interest?

Illuminating Compound Interest Calculator

App Details

Version
7.6
Rating
(6)
Size
12Mb
Genre
Finance Utilities
Last updated
April 28, 2017
Release date
January 5, 2010
More info

Illuminating Compound Interest Calculator is $1.99 but there are more add-ons

  • $0.99

    Maturity Date Reminder

App Screenshots

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Illuminating Compound Interest Calculator screenshot-1
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App Store Description

What is Compound Interest?
Compound interest is interest calculated on the original principal and also on the accumulated interest of previous periods of a deposit or loan. Compound interest can be thought of as “interest on interest,” and will make a deposit(earned by you) or loan(paid by you) grow at a faster rate than simple interest, which is interest calculated only on the principal amount. Never underestimate the power of Interest! It can be your best friend or worst enemy.

The app is an Educative and Financial App that not only calculates but also has Plain English Simple Sentences to explain each compound interest calculations.

App Features Include
- Future Amount Calculator with Ability to Add or Remove Contributions to see Effects Contributions, APY, APR, Simple Interest to show the difference, Custom Compounding, Maturity Date Handling and Maturity Date Event Reminder to save. Calculation display has calculation result along with significant, critical insights useful for Investment and Loan Decisions. Reset all values. Double tap anywhere in the background to reset all values to zero.
- Target Annual Rate APY Calculator with all of the above, the same uniform interface on a separate screen just a different calculation to research the APY %
- Loan Cost Calculator with loan calculations so you can instantly see what if you wanted a mortgage or car loan or if you have cash if its worth to take a loan.

Universal App for both iPhone and iPad.
Designed and developed by Rohit Sachdeva @rsachdeva - the product of @drinnovationsus.