Calculator: Compound Interest
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Description
Compound interest is a method used to calculate interest on an investment. It involves adding together the principal amount and the previously generated interest to determine the next interest payment. Unlike simple investments that earn a fixed amount of interest each time, compounding investments accumulate more and more interest, resulting in exponential growth of your assets over time.
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App Info
- Category
- Finance
- Publisher
- Seongho Cha
- Languages
- English, Dutch, French, Hindi, Italian, Japanese, Korean, Portuguese, Russian, Chinese, Spanish, Thai, Turkish, Vietnamese
- Recent version
- 1.4 (5 months ago )
- Released on
- Jun 8, 2023 (1 year ago )
- Also available in
- South Korea, United States, Mexico, China, Japan, Brazil, Germany, Philippines, Portugal, Peru, New Zealand, Norway, Netherlands, Nigeria, Malaysia, Lebanon, Kazakhstan, Kuwait, Pakistan, Poland, India, Romania, Russia, Saudi Arabia, Sweden, Singapore, Thailand, Turkey, Taiwan, Ukraine, Vietnam, South Africa, Algeria, Argentina, Austria, Australia, Azerbaijan, Belgium, Belarus, Canada, Switzerland, Chile, Colombia, Czechia, Denmark, Dominican Republic, Italy, Ecuador, Egypt, Spain, Finland, France, United Kingdom, Greece, Hong Kong, Hungary, Indonesia, Ireland, Israel, United Arab Emirates
- Last updated
- 1 month ago