Compound Interest - Compounder

Compound Interest - Compounder

Your Future Money

⭐️4.7 / 5
Rating
🙌221
Ratings
📼5 scs
Content
📦w/o updates
Updates frequency
🗣❌ unsupported
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All Versions of Compound Interest

1.3.0

April 6, 2022

Tab References: You can now reference one tab's total balance in another's initial balance. This is great for scenarios where you want to change the contribution amount or return rate in future years. For example, you can now experiment with the scenario of contributing $500 for 10 years followed by $0 for the next 10 years, and see the effects of compound interest over a 20 year time period. To reference another tab just tap into the starting balance and you'll see a toolbar above the keyboard with tabs that can be referenced. Negative Return Rates and Contributions: You can now invert your return rate or contributions to make them negative. More Tabs: There's no longer a limit on how many tabs you can add. Customize Currency Symbol: It's now possible to choose a different currency symbol than the symbol defined by your device's region. Head to the settings menu to see the options.
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1.2.0

September 30, 2019

- Added support for light/dark mode to use system settings on iOS 13.

1.1.0

July 29, 2019

With version 1.1.0 we've added some exciting new features.  Already have an end goal in mind? Instead solve for contribution amount, return rate, or length. Want to retire with $5,000,000 but aren't sure how much you need to be saving each month to reach that goal? Switch the mode to solve for contribution amount and it will automatically calculate that number. • Solve for Total • Solve for Contribution Amount • Solve for Return Rate • Solve for Length
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1.0.1

March 29, 2019

- Changed the default setting to compounded annually. - Added options to compound Quarterly and Semi Annually. - Minor design tweaks.
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1.0.0

March 27, 2019

Price History of Compound Interest

Description of Compound Interest

Have you ever wondered what your money could be worth in 30 years if you saved it instead of spent it? Compound Interest answers that question by helping you calculate what your money could be worth if you saved it or invested it over time. Imagine you started saving for retirement when you're just 15 instead of 40. Put away $100 bucks a week with 7% returns. By the time you hit retirement age you'd have over 2 million dollars stashed away. You might ask yourself: how, doing the quick math that's only saving $260,000? Well, that is where compound interest comes into play. Even though you only earned and saved a little over $250,000 you gained over $2,000,000 in compound interest. Pretty cool right? Already have an end goal in mind? Instead solve for contribution amount, return rate, or length. Want to retire with $5,000,000 but aren't sure how much you need to be saving each month to reach that goal? Switch the mode to solve for contribution amount and it will automatically calculate that number. So check out this awesome compound interest calculator that lets you see your gains broken up by year with a cool interactive graph, multiple tabs, and light/dark themes. Notable Features: - The ability to create additional tabs to allow you to calculate as many sets of data and outputs as you want. - Ability to solve for different values like total amount, length, contribution amount, or the return rate you might need to achieve your goals. - Tab References: You can now reference one tab's total balance in another's initial balance. This is great for scenarios where you want to change the contribution amount or return rate in future years. For example, you can now experiment with the scenario of contributing $500 for 10 years followed by $0 for the next 10 years, and see the effects of compound interest over a 20 year time period. To reference another tab just tap into the starting balance and you'll see a toolbar above the keyboard with tabs that can be referenced. - See data broken out by each year it's being compounded.
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Compound Interest: FAQ

Does Compound Interest support iPad devices?

Yes, Compound Interest offers an iPad version.
The Compound Interest app was created by Micah Wilson.
Compound Interest requires iOS 14.0 or later.
Compound Interest has an impressive rating of 4.7 out of 5, indicating that it is a top-quality app.
The App Genre Of The Compound Interest App Is Finance.
The latest Compound Interest version released is 1.3.0.
The latest Compound Interest app update was released on June 30, 2024.
Compound Interest was first made available on February 6, 2023.
Safe for kids, with no inappropriate or mature content.
Compound Interest is now available to use in English.
No, Compound Interest is not on Apple Arcade.
No, Compound Interest does not feature in-app purchases for users.
Unfortunately, Compound Interest is not fully compatible with Apple Vision Pro.

Screenshots of Compound Interest

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Reviews of Compound Interest

  • App keeps freezing

    The app freezes every time I attempt to change the initial amount
  • Nicest Savings Calc Out there

    The calculator does quick simple calculations but it also looks the best out of many ive tried. The outputs are labeled clearly and displayed in nice cards. One suggestion that would enhance the simplicity and speed of inputting values is a slider to increment/decrement the numbers that way the user does not have have to wait for the keyboard to pop up and erase the old values. Otherwise a great implementation of a calc.
  • Good App

    Good App. Would like to see a feature to save the financial model with name instead of “A”, “B” etc.