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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5 out of 5

2 ratings in United States

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Reviews

Simple and useful app - excellent

Ozzie Finance on

This app’s design is very simple And covers basic functionality for reporting compound interest Best used by: - financial planners - real estate - banking - credit repair - finance and investment pros Wish List: - add functionality: Print, Share, Export to PDF - add functionality: Resize font within app It would assist visibility for those with small phone screens - add functionality: Save report on screen or Allow for generating second report Comparing growth between two rates

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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 )
Last updated
1 month ago