Deposit Calc

In the new version of the app, enhanced deposit calculation features are now available. These features are offered as a one-time in-app purchase that supports the development of even more exciting updates and shows appreciation for the developer’s hard work. Once you purchase the full version, all future enhancements will be available at no extra cost. All functionality that was previously free remains free. So, what’s new: Now, in the calculation settings, you can choose two additional schemes: 1. Goal:
 Do you have a target you want to reach within a certain period but aren’t sure of the monthly contribution required to get there with a deposit? Think of this as your “piggy bank” scheme—it helps you calculate the monthly deposit needed to reach your goal over a specified period. While some might take out a loan and calculate their monthly payments, we take the reverse approach by calculating how much you need to deposit each month to achieve your goal solely through a deposit (without borrowing). Simply enter the time period for your goal, the deposit’s interest rate, the initial payment, and your final target amount, and the app will compute the required monthly contribution. 2. Income goal:
 Do you want to earn a specific monthly income from your deposit after a certain period, allowing your deposit to work for you (or on your behalf)? In this scheme, you specify the desired future monthly income, the time frame to achieve it, and the interest rate. The app then calculates the monthly deposit required to reach that income goal. What else is new? The calculation settings now let you choose the compounding type for your deposit—daily, monthly, or quarterly. Additionally, you can now specify the deposit term in either months or years.