Compound Interest Calc

Compound Interest Calc

by Paul Keen

19 ratings
24 reviews
$1.99

Details

  • Released
  • Updated
  • July 26, 2012
  • August 17, 2022

Features

Compound Interest Calc screenshot #1 for iPhone
Compound Interest Calc screenshot #2 for iPhone
iphone
ipad
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About

Calculate compounding interest with customizable options for term length, interest rate, and deposit frequency. View inflation-adjusted results and detailed amortization tables. Supports international currencies and saves all your data.

Variable term length (years/months)
Customizable interest rate
Additional deposit options
Daily/Monthly/Quarterly/Yearly calculation
Inflation-adjusted results
Amortization table with email export
Supports international currencies
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What's New in Compound Interest Calc

1.15.01

August 17, 2022

Compatibility for iOS 13

User reviews

Perfect for me

Just what I needed
Thank you

Dollar crunching

Really helped me when I needed to work out what it was costing in real terms for each unit of money I borrowed on my home loan

am I doing something wrong ???

adding additional Deposits per Month results in a SMALLER Interest when calculated Daily versus calculated Yearly ??? $1 Principal, $1 Monthly Deposit, 10%, Calculated YEARLY = $1.30 Interest $1 Principal, $1 Monthly Deposit, 10%, Calculated DAILY = $0.69 Interest if no monthly deposit made, the DAILY Calculation generates more Interest
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Response from developer

Calculated yearly is saying $1 deposit + $1 per month = $13 * 10% = $1.30 interest. Calculated daily is more accurate as the same calc applies to the daily total. Daily is actually less, double check your inputs

Not impressed

Old trimmed interface not designed for bigger screens. Deleted.

Great app

Wish it allowed calculation of additional money DEPOSITS added by year - at present does only by month.

Developer apps

FAQ

How much does Compound Interest Calc cost?

Compound Interest Calc is a paid app, available for $1.99. This one-time purchase grants you access to all features on your iPhone, iPad, and iPod touch.

What devices is Compound Interest Calc compatible with?

Compound Interest Calc is a universal app designed for iPhone, iPad, and iPod touch. You pay once and can use it across all your Apple devices.

How often is Compound Interest Calc updated?

The app was last updated on August 17, 2022, with version 1.15.01. While not updated frequently, it is a stable finance tool.

What is the age rating for Compound Interest Calc?

Compound Interest Calc has an age rating of 4+. This indicates it is suitable for a wide range of users, including younger individuals learning about finance.

Can Compound Interest Calc adjust for inflation?

Yes, Compound Interest Calc provides inflation-adjusted results and allows for a variable inflation rate to be set, giving you a more realistic projection of your investment growth.

Does Compound Interest Calc support different currencies?

Yes, the app supports international currencies, making it a versatile tool for users worldwide to calculate their compounding interest.

What kind of financial data can Compound Interest Calc export?

Compound Interest Calc can generate an amortization table, and the data from this table can be emailed, allowing you to share or save your financial projections.

How does Compound Interest Calc handle user data?

All values entered into Compound Interest Calc are saved and automatically reloaded when you start the app again, ensuring your calculations are always accessible.