Cic Lite - Compound Interest Calculator

Used friendly

Simple app, the ads are not in the way, organized, and it provides good insights for setting savings goals.

Just so simple to use compound calculator!!!

This is the best compound interest calculator I’ve found on the store. I like the fact that they let you calculate in monthly intervals. Sure, there’s other calculators that “look” better, but as far as functionality, this one is as good as it gets.

It’s interesting to see how much saving an additional 1% or 2% can change over many years of compound interest. I recommend this kind of tool regularly & have told several people about this app.

It’s hard to get people to start investing one of the best ways is to explain the rule of 72 were. if you take 72 divided by the interest rate that will tell you how long the doubling time will be. e.g. 12% interest with $10,000= 72/12 =6 years later you’ll have $20,000. If you put $10,000 when your kid is born then they have 3 doubling periods or $80,000. Now this does that plus it adds the additional money that you can add for mind blowing totals that make you wanna act. So if you did the same 10k plus added another $100 a month you’d deposit a total of $21,600 and gain ~$116,000 for a total of ~$148,000 which would be something when the kid is thinking about going to school. Get the app, do the math, and get a stash account and get invested today!!!

Most people get paid bi weekly(add money to retirement funds), and that essentially makes it useless to me.

Pretty simple to use and manipulate. Nice to have something easy to access to do my CI calcs

Let’s you change any variable needed. Very fast

Has all the basics and more. Glad the took the time to pay attention to the details.